Regulatory AlertsSR 20-15: Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions
The federal financial institution regulatory agencies jointly issued examiner guidance to promote consistency in supervising institutions affected by the COVID-19 pandemic. Examiners are instructed to exercise appropriate flexibility when assessing safety and soundness, considering the unique and evolving nature of pandemic-related risks alongside each institution's specific profile. While existing policies remain in effect, examiners will evaluate management's risk response and may adjust ratings if conditions deteriorate despite appropriate governance.
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