Tag: FDIC

  • A Recurring Theme in FDIC Consent Orders

    If you look at any of the recent FDIC Consent Orders, you will quickly see a common theme.  I randomly pulled a few off the top of the list, and the verbiage was very similar, and in many cases identical: …the Board shall enhance its participation in the affairs of the Bank …the Bank’s board…

  • IT Composite Ratings: 1 vs. 2

    In a recent survey conducted with our customers, we asked them to tell us (anonymously) what their FDIC IT composite scores were after their last IT examination, and whether those scores increased (got worse), or decreased (got better).  The average score was 1.8 on the 5 point scale.  Of course the results could be attributed…

  • FDIC issues new FIL…

    …and pretty much confirms what most of us already knew; regulatory scrutiny has increased across the board.  FIL-13-2011 entitled “Reminder on FDIC Examination Findings” was just released March 1st, and in spite of the title,  is not so much a reminder but a response.  Here is the one-line summary: “Recently, the FDIC has received some…

  • New FDIC Survey Results and Third-Party Providers

    The new FDIC Supervisory Insights Winter 2010 newsletter addresses several issues of interest to bankers, including Trust Preferred Securities, Managing Agricultural Credit, and Senior Life Settlements.  But there was also a section that analyzed the results of a survey that was conducted by FDIC examiners over the past year.   The more than 2,100 responses…

  • FDIC and State examiners teaming up

    I wrote a similar post earlier, but it now seems that perhaps the reason the State of Georgia has adopted the FDIC IT Examination Questionnaire is that the FDIC has been showing up on-site with the State examiners.  I’ve gotten reports that this is happening with increasing frequency, and not just in Georgia. My advice…

  • The 5 trickiest FDIC IT examination questions (part 5).

    In my last post, I asked you to weigh in on what question you wanted me to address in this final post of the series.  This one came from a bank that was in the process of actually filling out the questionnaire, and it’s a good one.  It’s found in the Vendor Management section: “Has…