Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions; Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More; Regulations Implementing the Change in Bank Control Act; Withdrawal

Key Points

• 1The rule addresses restrictions on 'brokered deposits'—money that brokers place into banks on behalf of customers—which are considered riskier for the banking system
• 2It establishes governance and risk management standards specifically for large banks with $10 billion or more in assets to ensure they operate safely
• 3The regulation implements rules about what happens when there is a change in control or ownership of a bank
• 4This is a proposed withdrawal, meaning the FDIC is considering removing or changing these rules rather than creating new ones
• 5Large banks and financial institutions are the primary entities affected, though changes could indirectly impact depositors and the broader financial system

Key Dates