This month, the FDIC announced updates to their Risk Management Manual of Examination Policies (RMS Manual), including:

Section 1.1 of the RMS Manual: This section was updated to incorporate new procedures related to communication between examinations and to emphasize the importance of this ongoing communication with institution management.
Section 16.1 – Report of Examination Instructions: This section provides instructions related to the development of a Report of Examination. Updates were made to the Confidential Supervisory Section instructions to streamline the material that may be included on this page. Additionally, updates were made to the Abbreviations schedule to incorporate additional abbreviations that may be utilized in Reports.
Section 17.1 Bank of Anytown: This section provides an example examination report. The updated section contains edits regarding the referencing of supervisory guidance, revised example date formats, and miscellaneous technical updates.

The current version of the FDIC’s RMS Manual can be found here.

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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