FDIC’s RSP Program Needs Stronger Oversight by 2024 Deadline

A critical review reveals gaps in the FDIC’s oversight of local service firms. Will new benchmarks and resources finally close them before year’s end?

, and Administrator

2025 December 2 . 1:33 PM

1 min read

In the image we can see there is a poster in which people are standing and holding bags in their... — In the image we can see there is a poster in which people are standing and holding bags in their hand. There are three master cards and beside there is a chapter plan sheet.

FDIC’s RSP Program Needs Stronger Oversight by 2024 Deadline

A recent review by the Office of Inspector General (OIG) has highlighted areas for improvement in the FDIC’s RSP Examination Program. This initiative assesses the risk management of Referred Service Providers (RSPs)—smaller, regional firms that support banks. While the FDIC has already made some enhancements, further steps are now recommended to strengthen oversight.

The FDIC’s RSP Examination Program focuses on evaluating risk exposure and management practices among smaller, less complex service providers. These RSPs usually operate within a local region, offering specialized services to banks under FDIC supervision.

The FDIC’s planned assessment aims to create clearer benchmarks for the RSP Examination Program’s effectiveness. By establishing formal goals and improving resource allocation, the agency expects to enhance oversight of regional service providers. The deadline for these changes has been set for the end of 2024.