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FDIC Agreement Allows Regulators to Examine 'Any Problem'.(Brief Article)
The Federal Deposit Insurance Corp. will be able to examine any problem bank or thrift under a new agreement struck with its fellow regulators.
Under the agreement, the FDIC will be able to conduct special examinations of any federally-insured bank or thrift with a poor supervisory rating or in trouble of rapidly depleting its capital. Previously, the FDIC had to get the consent of the institution's primary regulator.
"The agreement establishes a better process for determining when the FDIC will use its authority to examine any insured ...
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Source: HighBeam Research, FDIC Agreement Allows Regulators to Examine 'Any Problem'.(Brief...