Risk Management Manual of Examination Policies July 21, 2021
July 21, 2021 / Source: FDIC
The FDIC’s Risk Management Manual of Examination Policies (RMS Manual) is updated.
The RMS Manual provides FDIC examiners information relating to examination activities and supervisory practices. The FDIC conducts examinations at financial institutions to ensure public confidence in the banking system and to protect the Deposit Insurance Fund. The RMS Manual promotes consistency in examination activities, which center on evaluating an institution’s capital, assets, management, earnings, liquidity, sensitivity to market risk, and adherence to laws and regulations.
July 2021 Update
Section 4.1 – Management: Updates to Section 4.1 include enhancements to the discussions on dominant official, key person dependency risk, strategic planning, and selecting and retaining competent management.