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Agencies Propose Regulation on the Role of Supervisory Guidance
On Thursday, October 29, 2020, the five federal financial regulatory agencies issued a press release inviting comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in September 2018 by the agencies that clarified the differences between regulations and guidance.
Comments will be accepted for 60 days following publication in the Federal Register.