The Federal Deposit Insurance Corporation (FDIC) Board of Directors has approved changes to its Guidelines for Appeals of Material Supervisory Determinations. The amendments establish a new Office of Supervisory Appeals, which will function as an independent office within the FDIC.
This newly created office will serve as the final authority for reviewing material supervisory determinations. It is designed to operate independently from the divisions responsible for making those determinations. Panels in the Office of Supervisory Appeals will be staffed by externally hired officials, ensuring impartiality. Each panel will include at least one member with experience in bank supervision and another with industry experience.
The FDIC stated, “The Office of Supervisory Appeals will be the final level of review of material supervisory determinations, independent of the Divisions that make supervisory determinations. The office will be staffed by reviewing officials who are hired externally, and each panel will have at least one reviewing official with bank supervisory experience and at least one reviewing official with industry experience. The FDIC will notify institutions once the office is operational.”
Institutions affected by these changes will receive notification from the FDIC when the new office becomes operational.
