Skip to content

Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

Click Now!

FFIEC best practices for exam information requests

The Federal Financial Institutions Examination Council has announced it has issued a statement announcing best practices for requesting examination information from supervised entities, and a common authentication solution for secure access to the FFIEC members’ supervision systems. The statement presents the results of the final phase of the Examination Modernization Project in which FFIEC members addressed the feedback provided by supervised entities regarding examination requests and authentication requirements for FFIEC members’ supervision systems.

The FFIEC members have identified the following principles as best practices for requesting examination information from financial institutions:

  • Information requests should be risk-focused and relevant to the examination.
  • Supervised institutions should be given sufficient time to produce new or additional requested information.
  • Examiners should coordinate information requests among the examination team to avoid duplicative and/or redundant requests.
  • Information requests should be made through the supervised institution’s designated regulatory examination point-of-contact, if applicable, to avoid placing burden on other institution staff.
  • Information requests and supplemental information requests should be clearly articulated in writing.
Filed under: 

Training View All

Penalties View All

Search Top Stories