Thread Options Tools
#322842 - 02/26/05 06:24 PM Compliance ratings
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,762
Turnpike Exit 10
Now, I know that we are not allowed to release our compliance ratings to the public. Does anyone know the reasoning for this? (Not the law, but the logic).

Is it to protect the examiner who gave the rating, should it turn out not to be as good as he/she said?
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

Return to Top
General Discussion
#322843 - 02/26/05 10:59 PM Re: Compliance ratings
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
It's to keep you from being jealous of me
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

Return to Top
#322844 - 02/26/05 11:12 PM Re: Compliance ratings
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
did you get a really good one you want to brag about? we could develop a code...apples, carrots, turnips, etc.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#322845 - 02/26/05 11:47 PM Re: Compliance ratings
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
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)
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

Return to Top
#322846 - 02/27/05 05:54 PM Re: Compliance ratings
Princess Leia Offline
Diamond Poster
Joined: Jun 2004
Posts: 1,975
Alderaan
Dawnie - isn't that your CRA rating vs. a compliance rating?
_________________________
Duct tape is like the force: It has a light side and a dark side and it holds the universe together.

Return to Top
#322847 - 02/27/05 08:40 PM Re: Compliance ratings
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Well CRA is compliance But I do know there are other ratings we're chatting about

(Just like a compliance person...dismiss my reg)
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

Return to Top
#322848 - 02/27/05 09:15 PM Re: Compliance ratings
rainman Offline
Power Poster
rainman
Joined: Nov 2004
Posts: 3,058
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.
_________________________
Nobody's perfect, not even a perfect stranger.

Return to Top
#322849 - 02/27/05 09:30 PM Re: Compliance ratings
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Yes Best we suprise the clients at the very last second
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

Return to Top
#322850 - 02/27/05 09:44 PM Re: Compliance ratings
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Public ratings would go a lot farther in getting a public bank's act together than Sarbanes! Everyone is always talking about letting the market govern and cut down on regulations. That would sure do it.

Just a thought!
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#322851 - 02/27/05 09:47 PM Re: Compliance ratings
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
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.

Return to Top
#322852 - 02/27/05 10:09 PM Re: Compliance ratings
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,557
Cape Cod
Could it be because it's the only time you can get anything done without interruptions from .... (fill in the blank)?
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top
#322853 - 02/27/05 10:55 PM Re: Compliance ratings
Princess Leia Offline
Diamond Poster
Joined: Jun 2004
Posts: 1,975
Alderaan
Quote:

Well CRA is compliance But I do know there are other ratings we're chatting about

(Just like a compliance person...dismiss my reg)





No no no (that's my daughter's new phrase ) I didn't mean it that way! I meant that we get a number for a compliance rating and an Outstanding for CRA (I can hope, can't I??)
_________________________
Duct tape is like the force: It has a light side and a dark side and it holds the universe together.

Return to Top
#322854 - 02/27/05 10:56 PM Re: Compliance ratings
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
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.

Return to Top
#322855 - 02/28/05 01:16 PM Re: Compliance ratings
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,762
Turnpike Exit 10
You are all a bunch of goofballs! I love ya!
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

Return to Top
#322856 - 02/28/05 03:03 PM Re: Compliance ratings
Princess Leia Offline
Diamond Poster
Joined: Jun 2004
Posts: 1,975
Alderaan
Hey, I resemble that remark

Group Hug

(This is the anti-"fishing" thread)
_________________________
Duct tape is like the force: It has a light side and a dark side and it holds the universe together.

Return to Top
#322857 - 02/28/05 03:13 PM Re: Compliance ratings
Andy_Z Online
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,458
On the Net
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.
_________________________
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

Return to Top
#322858 - 02/28/05 04:21 PM Re: Compliance ratings
Sisyphus Offline
100 Club
Sisyphus
Joined: Jun 2004
Posts: 214
Connecticut
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.
_________________________
Michele A. Johnson, Compliance Manager Integrated Compliance Solutions, LLC

Return to Top
#322859 - 02/28/05 04:25 PM Re: Compliance ratings
Princess Leia Offline
Diamond Poster
Joined: Jun 2004
Posts: 1,975
Alderaan
Hmmm . . . impeccable timing. Maria, did you spill the beans??
_________________________
Duct tape is like the force: It has a light side and a dark side and it holds the universe together.

Return to Top
#322860 - 02/28/05 04:35 PM Re: Compliance ratings
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,762
Turnpike Exit 10
Nope.
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

Return to Top
#322861 - 02/28/05 04:43 PM Re: Compliance ratings
William Offline
Gold Star
William
Joined: Oct 2000
Posts: 470
In a location
Has somebody been telling... ok fess-up who was it?

(The examining agencies want to know!)
_________________________
Comments are mine and not those of my employer.

Return to Top
#322862 - 02/28/05 04:43 PM Re: Compliance ratings
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,762
Turnpike Exit 10
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.

_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

Return to Top
#322863 - 02/28/05 05:16 PM Re: Compliance ratings
Sinatra Fan Offline
Power Poster
Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
(7) To obviate the need for the OTS to justify to anyone how they grade.
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker

Return to Top
#322864 - 02/28/05 05:20 PM Re: Compliance ratings
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,762
Turnpike Exit 10
Quote:

(7) To obviate the need for the OTS to justify to anyone how they grade.




ROFLMAO!!!
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

Return to Top