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ABA Encourages FDIC to Maintain Exam Flexibility.

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ENPNewswire-October 13, 2021--ABA Encourages FDIC to Maintain Exam Flexibility

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Release date- 12102021 - The American Bankers Association encouraged the FDIC today to maintain flexibility as it thinks about how best to conduct exams post-pandemic.

The association said the FDIC should allow banks to opt for a fully onsite, hybrid or fully offsite exam, 'with the proper balance of offsite and onsite work dictated by banker and examiner needs and preferences.'

The fully remote exams necessitated by the pandemic were viewed by bankers as generally positive, ABA said, adding that many banks reported that pre-examination preparations and in-exam data, loan file and policy reviews worked well remotely. However, there is concern among bankers, ABA added, that fully remote examinations may diminish existing relationships, 'eventually making the examination process less efficient.' Bankers noted...

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