Risk-Focused, Forward-Looking Safety and Soundness Supervision
Summary
The FDIC is updating its Risk Management Manual of Examination Policies (the Manual) to incorporate a new section titled Risk-Focused, Forward-Looking Safety and Soundness Supervision. The latter describes the FDIC's long-standing philosophy and methods for supervising institutions by focusing on the areas presenting the greatest risks. The new section has been included in the new Part VI of the Manual titled "Appendix: Examination Processes and Tools," and describes communication and risk-tailoring principles followed during safety and soundness examination activities.
Statement of Applicability to Institutions under $1 Billion in Total Assets:
This Financial Institution Letter (FIL) provides information to FDIC supervisory personnel and is applicable to examination activities of all FDIC-insured institutions. This FIL is informational and does not require action on the part of insured institutions.
Suggested Distribution:
FDIC-Supervised Institutions
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