04:05 PM EDT, 09/02/2025 (MT Newswires) -- (Updates to add Office of the Comptroller of the Currency's response in fourth paragraph.)
US regulators have postponed, scaled back or cancelled certain bank exams and the use of confidential disciplinary notices, reducing the focus on non-core banking issues like reputational risk, climate change risks, diversity and inclusion, Reuters said Tuesday, citing industry executives.
The Office of the Comptroller of the Currency, the Federal Reserve, and the Consumer Financial Protection Bureau are also limiting the scope of such exams, including some related to critical banking issues, by using more specific language to explain what is being assessed, the report said.
The changes are part of a broader Trump administration effort to focus on supervising financial metrics that measure lenders' safety and soundness, the sources said, adding that recent layoffs have contributed to the cancellation of some exams, Reuters reported.
A spokesperson from the Office of the Comptroller of the Currency told MT Newswires that the OCC is "reexamining its supervisory approach to ensure it conforms to its statutory mission and reflects a risk tolerance enabling banks to support economic growth."
Another spokesperson from the Federal Reserve declined to comment, while the Consumer Financial Protection Bureau did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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