Bankers find the quality of their OCC examinations improving, according to a report filed last week on the ABA-state bankers associations’ Regulatory Feedback Initiative.
Compiled using two years of data, the report found that the proportion of respondents “very satisfied” with their safety-and-soundness and compliance exams rose from 17% to 22% from 2012 to 2013.
The report highlighted several areas for OCC improvement, particularly in applying guidance as if it were regulation, knowing about the banks and having helpful interactions with bank staff. Read the report.
The RFI enables bankers to share anonymous feedback on their recent exams. ABA has used the feedback to demonstrate the need for legislation to improve bank exams and provide more examiner accountability.