There have been recent press accounts about putting a very large depository institution on the FDIC’s list of “Problem Banks.” As of 3/31/18 the institution placed on that inauspicious list had assets of $42.5 billion and it was “well capitalized.” So, what happened?
The inclusion on the list of problem banks for that institution was primarily the result of regulatory examinations that followed a system called CAMELS. The initials stand for the six CAMELS components which are:
In the US the regulatory framework is widespread. The Federal Financial Institutions Examination Council (FFIEC) is the umbrella body for the various regulators:
The FFIEC regulatory responsibilities are satisfied, in large part, by on-site examinations, that among other things, focus on the Uniform Financial Institutions Rating System (UFIRS) also known as the CAMELS rating system. Attend this critical Bank Accounting Webinar to better understand the CAMELS rating system and what your managers and staff need to know for ongoing regulatory compliance.
Who Should Attend
Audit, Executive C-Suite, Finance Accounting, Regulatory Compliance
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.