Original Content
Federal Reserve Board withdraws 2023 policy statement and issues new policy statement regarding the treatment of certain Board-supervised banks that facilitates responsible innovation
Federal Reserve Board withdraws 2023 policy statement and issues new policy statement regarding the treatment of certain Board-supervised banks that facilitates responsible innovation
AI Summary
- The Federal Reserve Board withdrew its 2023 policy statement and issued a new one regarding the treatment of certain Board-supervised banks, focusing on facilitating responsible innovation.
- This new policy aims to support financial institutions in innovating responsibly while ensuring compliance.
Texas Relevance
The article does not mention Texas or any Texas-specific entities. It is a general federal guidance applicable to all Board-supervised banks.