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How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.

Parts of FDIC Procedures Manual released

FDIC FIL 38-2019, issued yesterday, announces the posting of sections of the FDIC Applications Procedures Manual (manual) to its website to provide greater transparency regarding the FDIC's internal processes. The manual provides direction for FDIC professional staff assigned to review and process applications, notices, and other requests (filings) submitted to the FDIC. This is the first in a series of releases that will eventually include the complete manual, and each subsequent release will include multiple sections governing specific filing types. The manual does not establish supervisory requirements and is not industry guidance.

  • This initial release includes an Applications Overview section that addresses processing timeframes, filing receipt and acknowledgment, filing acceptance, review and evaluation of filing content, document preparation, delegations of authority, and other pertinent topics that are generally applicable to most types of filings.
  • The release also contains separate sections covering certain specific filing types, including federal deposit insurance, mergers, change in control, branch establishment, branch relocation, and branch closings.

The manual will be updated periodically for changes in laws, regulations, or processes. Additional resources related to the filing process are available on the FDIC's website.

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