Supervisory Information and the Frequency of Bank Examinations
The courts recognize that the report of a bank examiners (80) is protected by a qualified privilege, known as a bank examination
Suppose that a single government entity provides deposit insurance and performs bank examinations
The results of bank examinations
are intended for bank directors and management only.
Comparison of Traditional Bank Examinations
with Risk-Focused Supervision for LCBOs Traditional Bank Examinations
Risk-Focused Supervision for LCBOs Supervisory process is focused on Supervisory process is continuous a single point in time and is and is more tuned to market rarely continuous unless there developments.
Such confidential information may be valuable to supervisors, yet it is costly to obtain: bank examinations
absorb considerable resources on the part of supervisors as well as banks.
This paper investigates whether there is a relationship between the frequency of bank examinations
and losses to the Bank Insurance Fund (BIF).
We have placed an increasing reliance on automation to provide a more flexible approach to bank examinations
- an approach that is risk-oriented, cost-effective, and sensitive to the burden placed on banks.
Ward has over 20 years of experience as an audit professional specializing in the areas of corporate compliance and bank examinations
, financial institutions products and services, performing loan reviews, SOX testing and documentation compliance, implementing risk base assessment models identifying high risk exposure areas, and managing all aspects of revenue processing, regulatory compliance, and operational risk management.
2160 is intended to promote consistency of bank examinations
and due process and to enhance consistency in the interpretation and understanding of bank examination
guidelines and regulations.
Gibbons brings more than 25 years of leadership experience in the oversight of financial institutions, including bank examinations
and credit risk policymaking.
I will tell you about the regulatory scheme concerning fee disclosure under the Electronic Fund Transfer Act (EFTA), which the Board is responsible for implementing; provide some data about consumer complaints, the level of compliance with the EFTA found in bank examinations
, and the incidence and amount of ATM transaction fees reported in Federal Reserve surveys; and make some observations about the legislative proposals.