FDIC TO SURVEY BANKERS ABOUT WAYS TO IMPROVE THE EXAMINATION PROCESS
FOR IMMEDIATE RELEASE
The FDIC announced today that it will begin surveying bankers
for suggestions to improve the quality of safety and soundness
examinations. The effort, which is expected to run for one year, is
aimed at detecting and changing aspects of the FDIC examination
process that may be burdensome or inefficient.
"This program will provide another source of information on how
the FDIC can minimize the regulatory burden on banks and, at the same
time, refine our examination methods for safety and soundness
purposes," said FDIC Chairman Ricki Tigert Helfer.
Chairman Helfer noted that this new program is nationwide in
scope and focuses on increasing the effectiveness of communications
between bankers and examiners. It builds on previous informal surveys
conducted on a regional basis by the FDIC's Division of Supervision
Most of the approximately 3,500 FDIC-supervised commercial banks
and savings banks nationwide that are expected to undergo safety and
soundness examinations in the next year will be given a questionnaire
at the end of the examination. The three-page survey asks bankers
questions about such matters as: the appropriateness and thoroughness
of the examination procedures; the quality and professionalism of the
FDIC team that conducted the review; and the usefulness of the written
and oral reports from the FDIC regarding examination findings.
Each completed survey will be sent to DOS Director Stanley J.
Poling in Washington. Respondents will have the option to remain
anonymous or to give their names so that the FDIC can seek follow-up information or clarifications. Participants also will be able to
speak with a senior management official of the FDIC to discuss any
additional problems or issues.
Quarterly reports on findings from the survey will be
distributed to FDIC officials in Washington as well as to examiners
in the field. Appropriate changes to examination procedures will be
considered and implemented.
"The emphasis in this program is on two-way communication,
timely analysis and effective follow-up," Chairman Helfer said.
"These elements are essential if the FDIC is to maintain an efficient
supervisory program and work effectively with bankers to encourage
safe and sound banking operations."