Article Icon

AABD has again asked the federal banking agencies to review regulatory guidance imposing management responsibilities and huge burdens on bank directors. These burdens distract directors from their fundamental duties to act in good faith in overseeing the institution, including approving the bank’s strategic focus and overseeing its implementation.

AABD Letter to the Federal Reserve, January 28, 2016

AABD Letter to the FDIC, January 28, 2016

AABD Letter to the OCC, January 28, 2016

Letters referenced in the January 2016 letters can be found here:

AABD Letter to the OCC Federal Reserve & FDIC, September 2, 2014

AABD Letter to the OCC Federal Reserve & FDIC, September 3, 2015