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 privilege.
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.
