FDIC Adopts Revised Supervisory Appeals Guidelines

Agency Rule-Making & Guidance FDIC Bank Supervision

On July 18, the FDIC adopted revised guidelines for appeals of certain material supervisory determinations to expand the circumstances under which banks may appeal a material supervisory determination. The revisions incorporate changes suggested by commentators during a request for comments in 2016. The revised guidelines also provide consistency with the appeals processes of other federal banking agencies and will, among other things, (i) permit the appeal of the level of compliance with an existing formal enforcement action; (ii) provide that formal enforcement-related actions or decisions do not affect a pending appeal; (iii) allow for additional opportunities for appeal rights available under the guidelines with respect to material supervisory determinations in certain circumstances; and (iv) draw up other limited technical and conforming amendments.

The guidelines are effective immediately.