One Size Fits All: The FDIC’s Proposed Corporate Governance and Risk Management Guidelines

The FDIC has proposed guidelines that would establish corporate governance and risk management expectations for FDIC-regulated banks with $10 billion or more in total assets. The FDIC is doing so in a rulemaking under its safety and soundness powers in Section 39 of the Federal Deposit Insurance Act. The new guidelines are the latest in the FDIC’s string of regulatory responses to the 2023 spring bank failures.