Why US banks are not taking their eye off reputational risk
The concept may be removed from supervisory exams, but the 2023 crisis showed the risk is real
In March 2025, when the Federal Deposit Insurance Corporation (FDIC) became the second US prudential agency to announce plans to withdraw reputational risk as an element of bank supervisory examinations, White House cryptocurrency czar David Sacks celebrated on social media.
“Big win for crypto,” Sacks posted on X. “This vague and subjective criteria was used to justify the de-banking of lawful
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