The Federal Reserve Board has issued guidelines to examiners explaining how new risk-based exams should work.

The supervisory letter lays out a four-step approach for examiners: identify the risks a bank faces; evaluate how the institution manages those risks; review individual assets; and review the quality of internal auditors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.