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#322845 - 02/26/05 11:47 PM
Re: Compliance ratings
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Power Poster
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
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LOL I always think it's funny we can't tell, but if we're asked about our ability to underwrite certain bonds a bank is allowed to answer that question. Most banks know what the answer to that question means in terms of ratings My rating is Outstanding I must have chosen the only one that can be shared because I don't keep secrets well (That's my rating for 2001 by the way...the other one is in a bag being shook up by my lovely examiner at this point so I don't know what it is)
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Dawn Coursey VP/CRA Queen
CRA Rating is in...Oh who cares...I'm home with the baby.
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#322846 - 02/27/05 05:54 PM
Re: Compliance ratings
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Diamond Poster
Joined: Jun 2004
Posts: 1,975
Alderaan
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Dawnie - isn't that your CRA rating vs. a compliance rating?
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Duct tape is like the force: It has a light side and a dark side and it holds the universe together.
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#322847 - 02/27/05 08:40 PM
Re: Compliance ratings
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Power Poster
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
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Well CRA is compliance But I do know there are other ratings we're chatting about (Just like a compliance person...dismiss my reg)
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Dawn Coursey VP/CRA Queen
CRA Rating is in...Oh who cares...I'm home with the baby.
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#322848 - 02/27/05 09:15 PM
Re: Compliance ratings
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Power Poster
Joined: Nov 2004
Posts: 3,274
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The theory as to why examination ratings (including CAMEL, compliance, etc.) are secret is that Congress doesn't want a runoff of deposits from a bank based on a "bad" rating.
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Nobody's perfect, not even a perfect stranger.
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#322851 - 02/27/05 09:47 PM
Re: Compliance ratings
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Power Poster
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
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As long as we're here on Sunday, why don't we all call congress? or are we here for other reasons? heh heh
_________________________
Dawn Coursey VP/CRA Queen
CRA Rating is in...Oh who cares...I'm home with the baby.
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#322852 - 02/27/05 10:09 PM
Re: Compliance ratings
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10K Club
Joined: Oct 2000
Posts: 40,086
Cape Cod
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Could it be because it's the only time you can get anything done without interruptions from .... (fill in the blank)?
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John S. Burnett BankersOnline.com Fighting for Compliance since 1976 Bankers' Threads User #8
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#322853 - 02/27/05 10:55 PM
Re: Compliance ratings
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Diamond Poster
Joined: Jun 2004
Posts: 1,975
Alderaan
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#322854 - 02/27/05 10:56 PM
Re: Compliance ratings
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Power Poster
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
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LOL I know, but I couldn't resist a tease You are forgiven and may now go about your day heh heh
_________________________
Dawn Coursey VP/CRA Queen
CRA Rating is in...Oh who cares...I'm home with the baby.
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#322855 - 02/28/05 01:16 PM
Re: Compliance ratings
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10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
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You are all a bunch of goofballs! I love ya!
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Get your facts first, then you can distort them as you please. - Mark Twain
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#322856 - 02/28/05 03:03 PM
Re: Compliance ratings
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Diamond Poster
Joined: Jun 2004
Posts: 1,975
Alderaan
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Hey, I resemble that remark Group Hug (This is the anti-"fishing" thread)
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Duct tape is like the force: It has a light side and a dark side and it holds the universe together.
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#322857 - 02/28/05 03:13 PM
Re: Compliance ratings
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10K Club
Joined: Oct 2000
Posts: 27,763
On the Net
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In addition to prevention of a run, in the case of a bad rating, it also doesn't appear as an endorsement of the bank by the regulator.
When we got our first CRA Outstanding we ran some ads to this effect. We had our regulator look at them first because they wanted to be specific that there didn't appear to be an endorsement and that this had nothing to do with the financial health of the bank.
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AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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#322858 - 02/28/05 04:21 PM
Re: Compliance ratings
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100 Club
Joined: Jun 2004
Posts: 214
Connecticut
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This is just in from the Fed. In skimming, I did not find the reasoning behind the prohibition, but this is a reminder from them.
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Michele A. Johnson, Compliance Manager
Integrated Compliance Solutions, LLC
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#322859 - 02/28/05 04:25 PM
Re: Compliance ratings
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Diamond Poster
Joined: Jun 2004
Posts: 1,975
Alderaan
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Hmmm . . . impeccable timing. Maria, did you spill the beans??
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Duct tape is like the force: It has a light side and a dark side and it holds the universe together.
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#322862 - 02/28/05 04:43 PM
Re: Compliance ratings
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10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
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from 12cfr510.5: (b) Purpose. The purposes of this section are: (1) To afford an orderly mechanism for the OTS to expeditiously process requests for unpublished OTS information and, where appropriate, for the OTS to assert evidentiary privileges in litigation; (2) To balance the need for confidentiality of unpublished OTS information with the private party's interest in obtaining disclosure of that information; (3) To ensure that the time of OTS employees is utilized in the most efficient manner consistent with the OTS's statutory mission; (4) To prevent undue burdens on the OTS; (5) To limit the expenditure of the OTS's funds for private purposes; and (6) To maintain the impartiality of the OTS among private litigants.
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Get your facts first, then you can distort them as you please. - Mark Twain
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#322863 - 02/28/05 05:16 PM
Re: Compliance ratings
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Power Poster
Joined: Jul 2002
Posts: 5,568
New Jersey
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(7) To obviate the need for the OTS to justify to anyone how they grade.
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Management is doing things right; leadership is doing the right things. Peter Drucker
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