US FDIC Seeks To Improve Communication, Transparency And Accountability

On October 5, 2018, the U.S. FDIC published a notice and request for comment seeking input on how to improve the efficacy, efficiency and transparency of the agency's communication with insured depository institutions. The notice outlines current forms of communication, including, regulations, policies, procedures and guidance; news and updates; industry data, educational materials and outreach; general communication; and direct communication. The notice requests comment with respect to the efficiency, ease of access and content of communications with insured financial institutions. Comments to the FDIC's notice are due no later than December 4, 2018.

Relatedly, on October 3, 2018, FDIC Chairman Jelena McWilliams discussed a transparency and accountability initiative, "Trust through Transparency," being undertaken by the agency. Chairman McWilliams noted that trust and transparency play central roles in the mission of the FDIC. To further these central