Press Release

August 15, 2025 Federal Reserve Board announces it will sunset its novel activities supervision program and return to monitoring banks' novel activities through the normal supervisory process For release at 12:00 p.m. EDT Share The Federal Reserve Board on Friday announced that it will sunset its novel activities supervision program and return to monitoring banks' novel activities through the normal supervisory process. Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices. As a result, the Board is integrating that knowledge and the supervision of those activities back into the standard supervisory process and is rescinding its 2023 supervisory letter creating the program. For media inquiries, please email [email protected] or call 202-452-2955. SR 23-7: Creation of Novel Activities Supervision Program (withdrawn) (PDF)

Federal Reserve (2025, August 14). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20250815_federal_reserve_board_announces_it_will_sunset

@misc{wtfs_press_release_20250815_federal_reserve_board_announces_it_will_sunset,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2025},
  month = {Aug},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20250815_federal_reserve_board_announces_it_will_sunset},
  note = {Retrieved via When the Fed Speaks corpus}
}