The subject of guidance and the question of how to ensure that it provides the kind of clarity financial professionals want but without having the force or effect of a formal rule is the subject of ongoing discussion among industry stakeholders, lawmakers and regulators.
Ahead of the Senate Banking Committee’s recent hearing on the role of supervisory guidance, Consumer Bankers Association President and CEO Richard Hunt weighed in on the need for greater clarity in guidance and for more experienced bank examiners.
Find out more about the opinions expressed on the matters.