The OCC and FDIC issued a final rule defining 'unsafe or unsound practice' for supervisory purposes and revising the framework for Matters Requiring Attention (MRAs).
What changed
The rule limits MRAs to actions meeting specified prudential or legal thresholds, focusing on material financial risk.
Compliance perspective
Financial institutions should adjust their operational risk assessments to align with the updated definitions.
Key date
Effective date: August 27, 2026.
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