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Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions
The federal financial institution regulatory agencies in conjunction with the state bank and credit union regulators are jointly issuing this examiner guidance to outline the supervisory principles for assessing the safety and soundness of institutions given the ongoing impact of the COVID-19 pandemic. In assessing an institution under the principles in this document, examiners will consider the institution’s asset size, complexity, and risk profile, as well as the industry and business focus of its customers. Examiners will consider the unique, evolving, and potentially long-term nature of the issues confronting ... (full story)