The FDIC announced its board of directors will meet next week to discuss amendments to its guidelines for appeals of material supervisory determinations.
Details: Scheduled for 10 a.m. (Eastern time) Thursday, Jan. 22, the meeting will also include a vote on the final rule on FDIC official signs and advertising requirements.
ICBA View: In a September comment letter, ICBA said it preferred a Federal Financial Institutions Examination Council appeals office but supported the proposed enhancements to the FDIC’s internal supervisory appeals process. ICBA also said the FDIC should ensure that reviewers have significant community banking experience.
Background: The FDIC in July proposed amending its guidelines for appealing material supervisory determinations to make the process more independent. The FDIC proposal would create the Office of Supervisory Appeals—an independent, standalone office within the FDIC—to replace the existing Supervision Appeals Review Committee, which is typically composed of FDIC board members and other senior FDIC officials.