Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Friday, January 22, 2016

FDIC Approves Extended Exam Cycle for Small Banks

The FDIC approved an interim final rule extending the on-site exam cycle for banks with up to $1 billion in assets from 12 months to 18 months, effective immediately. Previously, the 18-month exam cycle was only available to institutions with asset sizes less than $500 million.

This regulatory change was included in the 2015 year-end highway bill as a result of strong advocacy efforts by ABA and the state associations. The measure will qualify an estimated 617 institutions for the extended exam cycle. Comptroller of the Currency Thomas Curry said:

The 18-month cycle will reduce the burden on well-managed community banks and thrifts. It will also allow the federal banking agencies to focus our supervisory resources on those institutions that need it most.

Read more.

No comments:

Post a Comment

Please read our comment policy before making a comment.