Fed Proposes New Guidelines for Bank Risk Assessments

The Federal Reserve has introduced a new proposal aimed at refining the way examiners evaluate banks' risk management practices. Bloomberg posted on X, highlighting that this move comes after U.S. President Donald Trump expressed concerns over the perceived unfair closure of customer accounts. The proposal seeks to enhance the transparency and consistency of risk assessments across financial institutions. This initiative is part of a broader effort to ensure that banks adhere to fair practices while managing customer accounts and associated risks. The Fed's proposal is open for public comment, inviting feedback from stakeholders to refine the guidelines further.