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Thursday, July 27, 2017

FDIC Updates Exam Communication Guidance

The FDIC issued a revised examination manual implementing key directives from the FDIC board of directors. The board moved to expand banks' rights to appeal exam decisions and to improve regulatory consistency last year after a blistering independent report criticizing the agency for inappropriate exam processes.

In the new manual, examiners are instructed that supervisory recommendations must address meaningful concerns, be communicated clearly and in writing in a report of examination or on official FDIC letterhead and discuss corrective action. Supervisory recommendations in ROEs are to be communicated in post-exam materials.

ABA supports bipartisan exam fairness legislation in both houses of Congress that would provide an independent appeals option to financial institutions along with safeguards to protect against retaliation. 


Read more.

3 comments:

Dav Butterfield said...

I fully support this training manual of the FDIC board of directors, which sets out the main directives. Also, it would not be bad that they would set forth topics for presentation

Steffi Berger said...
This comment has been removed by the author.
Angry Brian said...

Absolutely agree that examiners should be instructed that supervisory recommendations must address meaningful concerns, be communicated clearly and in writing a report of examination or on official FDIC letterhead and discuss corrective action. In anyway if you need a report writing help help just tap this link.

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