Financial regulators release reports of examination principles

March 6, 2019 -- Today, the Federal Financial Institutions Examination Council (FFIEC) members issued principles for reports of examination (ROE). FFIEC is comprised of NCUA, the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Bureau of Consumer Financial Protection and the State Liaison Committee. 

The principles are designed to promote consistency, clarity and ease of reference for the presentation of information in examination reports.  In the policy statement, the FFIEC notes that “the ROE should evolve to address changes to the financial institution supervision process, advances in technology, changes in the banking industry, and industry feedback.” As such, FFIEC is rescinding its 1993 examination report guidance and set forth minimum expectations of what should be included in all ROEs.

Federal Financial Institutions Examination Council Policy Statement on the Report of Examination