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TE Study Guide - Basic Examination Concepts and Guidelines (1.1) Questions and Answers 100% Pass $12.49
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TE Study Guide - Basic Examination Concepts and Guidelines (1.1) Questions and Answers 100% Pass
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TE Study Guide - Basic Examination Concepts and Guidelines (1.1) Questions and Answers 100% Pass Rationale of Bank Exams - Why does the FDIC conduct bank exams? - ANSWER-- Ensure public confidence in banking system - Protect DIF Rationale of Bank Exams - What do onsite exams do to help ensure...

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  • November 26, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • te study guide basic examination concepts and gu

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  • FDIC
  • FDIC

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EmillyCharlotte

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TE Study Guide - Basic Examination
Concepts and Guidelines (1.1)
Questions and Answers 100% Pass


Rationale of Bank Exams - Why does the FDIC conduct bank exams? -

ANSWER✔✔-- Ensure public confidence in banking system


- Protect DIF


Rationale of Bank Exams - What do onsite exams do to help ensure stability

of banks? - ANSWER✔✔-- Identify undue risks and weak risk

management practices


- Evaluate adherence to laws and regulations which is given high priority

by Congress and bank supervisors


Rationale of Bank Exams - Exams play a key role in the supervisory process

by helping the FDIC identify? - ANSWER✔✔-- The cause and severity of

problems at individual banks


- Emerging risks in the financial services industry
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/16

,- Helps FDIC develop effective corrective measures.


Conduct of Exams - Do regulatory personnel have access to all records and

employees of the bank during the exam? - ANSWER✔✔-Yes.


Conduct of Exams - Section 10(b) and (c) of the FDI Act empower

examiners to make thorough exam of the bank? - ANSWER✔✔-True


Conduct of Exams - Should FDIC employees avoid any form of political

communication with the bank that could be perceived as suggesting the

exam process is influenced by political considerations or that the bank

should take a particular position on legislative issues? - ANSWER✔✔-Yes,

FDIC should maintain integrity and effectiveness of exam process.


Rating System - UFIRS stands for what? - ANSWER✔✔-Uniform Financial

Institution Rating System


Rating System - What does the UFIRS do? - ANSWER✔✔-- Assists

regulatory agencies in fulfilling mission of maintaining stability and public

confidence in financial system.




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/16

, - Ensures banks are evaluated in a comprehensive and uniform manner,

and that supervisory attention is appropriately focused on banks with

financial and operational weaknesses.


- Assists Congress in assessing the aggregate strength of financial industry

and follow trends.


Rating System - Can the composite rating be derived from averaging

component ratings? - ANSWER✔✔-No, but the composite rating generally

bears a close a relationship to its component ratings.


Rating System - What component should be given special consideration

when assigning a composite rating? Why? - ANSWER✔✔-Management.


Shows the ability to respond to changing circumstances and address risks

that result from new business conditions, activities, and products.


Rating System - What are the six specialty exam areas? - ANSWER✔✔--

BSA


- IT


- Trust


- Government Security Dealers
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/16

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