Regulatory Alerts2022-01-21
SR 22-3: Federal Financial Institutions Examination Council Issues Statement of Principles on Examination Information Requests
The Federal Reserve issued SR 22-3 to direct supervised institutions to adopt the FFIEC's Statement of Principles on Examination Information Requests. This guidance implements outcomes from the Examination Modernization Project to reduce regulatory burden and establish common authentication mechanisms for supervision systems. The requirements apply to all Federal Reserve-supervised institutions, including those with $10 billion or less in consolidated assets.
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