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Fed to Reserve Bank Exams After Scaling Back for Pandemic

On Monday June 15th the Federal Reserve announced that it is resuming examinations for Banks of all sizes. The Fed specifically stated that the rationale for this decision is that “As financial institutions have had time to implement contingency operating plans and adapt operations to the COVID-19 operating environment, the Federal Reserve is resuming examination […]
  • Posted by Justin Hill
  • On Wednesday June 17th, 2020
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Interagency Final Guidance on Credit Risk Review Systems (Interagency Guidance)

On May 8, 2020, the FDIC, Federal Reserve Board, OCC and NCUA, jointly issued the final Interagency Guidance on Credit Review Systems (1).  Below is a summary of the guidance as provided by CEIS Review. This Interagency Guidance (1) replaces the guidance in– Loan Review Systems, which is part of the December 2006 Interagency Policy Statement on […]

ALLL/CECL and COVID-19 – Reserving for Loan Losses During a Pandemic

by John Hurlock, Executive Consultant at CEIS Review “Unlike the 2008 Financial Crisis, this crisis is borne of a microbe and not of a financial meltdown.” As recently as a few months ago, determining the reserve had settled into a fairly straightforward and predictable event. Losses have been extremely low for the last several years […]

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