AFC Backs FFIEC CAMELS Overhaul with Push for Materiality-Led Evaluate

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The American Fintech Council (AFC) has submitted a proper remark letter to the Federal Monetary Establishments Examination Council (FFIEC) backing proposed revisions to the Uniform Monetary Establishments Ranking System, the supervisory framework generally referred to as CAMELS. The submission urges regulators to centre the modernised framework on materials prudential threat reasonably than technical or procedural…

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