US Fed supervisors told to defer to bank’s own enforcement audits
By Neil Roland ( November 18, 2025, 20:49 GMT | Insight) -- US Federal Reserve supervisors are being told to defer to a bank’s own audits in deciding whether to terminate enforcement actions against the firm. These decisions should be predicated on whether the bank’s audit function is rated satisfactory, Fed Acting Director of Supervision and Regulation Mary Aiken and her acting deputy director, Julie Williams, said in a statement of supervisory operating principles. The bank-friendly statement is among new supervisory operating principles provided to Fed managers. "Our supervisory approach is not about narrowing our focus — it is about sharpening it," said Vice Chair for Supervision Michelle Bowman.US Federal Reserve supervisors are being told to defer to a bank’s own audits in deciding whether to terminate enforcement actions against the firm....
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