COVID-19 Interagency Safety and Soundness Guidance Summary
This tool summarizes the recent Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Financial Institutions. The Guidance explains that examiners will:
- Consider the “unique, evolving, and potential long-term nature of the issues confronting banks” and will exercise appropriate flexibility in their supervisory response;
- Continue to assign CAMELS and ROCA supervisory ratings; and
- Consider whether management has managed risk appropriately and taken reasonable actions to respond to COVID-19’s impact.
Members Can Download This Tool
Login to Download
Not Yet a Member?
Our members enjoy:
On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time
Research time saved daily/ weekly across forms, across checklists, across trainings — for every regulation
Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff
A sounding board for support and reassessment when institutional goals or the regulatory environment changes
Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions
The knowledge that C/A was created and owned by 29 State Bankers Association to provide bank compliance services to their membership organizations
Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.