The Federal Deposit Insurance Corporation (FDIC) is inviting the public and other federal agencies to comment on the renewal of two existing information collections as part of the Paperwork Reduction Act of 1995. The first collection relates to the Pillar 2 Guidance under the Advanced Capital Framework, which requires certain banks to document and assess their capital adequacy processes. The second collection involves the Credit Risk Retention Rule, requiring institutions to retain a portion of the credit risk for asset-backed securities they issue. Comments are open until January 13, 2025, and can be submitted by various methods, including email and post.
Simple Explanation
The FDIC wants people to share their thoughts on some rules for banks about keeping money safe and sharing risks, and people can do this until early next year.