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.
Dahl, "Scheduling
Bank Examinations," working paper (1999), Federal Deposit Insurance Corporation.
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.
When bank examiners were directed to increase the stringency of
bank examinations, they eagerly complied.
Bank examinations enable supervisors to confirm the accuracy of information in regulatory reports.
To listen to them whine about
bank examinations, one would think they were being subjected to physical torture.
This legislation reduces the discretion that federal bank supervisors once had in scheduling
bank examinations.
Toward this end,
bank examinations must be more frequent and more thorough than has been generally the case in recent years.
As new guidance and regulations continue to emerge within the industry, we remain dedicated to preparing our customers and find that our strong focus on building customer relationships by providing valuable expert advice, reviews and reinforcement results in a high level of customer retention, which allows us to continue growing the level of services we offer to ensure institutions are ready for
bank examinations and audits.
