On 3/3/25, the FDIC announced that it was withdrawing three proposed rules relating to brokered deposits, corporate governance, and the Change in Bank Control Act (CBCA). The FDIC also announced a withdraw of the authority previously approved by the FDIC Board of Directors to publish a proposed rule on incentive-based compensation arrangements.
In it’s news release, the FDIC announced it was withdrawing the following proposed rules (first three items) and the authority previously approved to publish in the Federal Register (fourth item):
Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions
Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions With Total Consolidated Assets of $10 Billion or More Change in Bank Control Act Proposal
Regulations Implementing the Change in Bank Control Act
Incentive-Based Compensation Arrangements
The FDIC stated in its news release that it was “withdrawing these Notices of Proposed Rulemaking because it no longer intends to issue final rules with respect to these proposals.”
The full FDIC release can be found here.