Bank Examiners Ben Cayson Meghann Beamer Michael Sisco Sam Hubbard
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Transcript of Bank Examiners Ben Cayson Meghann Beamer Michael Sisco Sam Hubbard
Bank Examiners Ben Cayson Meghann Beamer Michael Sisco Sam
Hubbard
Mississippi Department of Banking and Consumer Finance Bank
Examiners Ben Cayson Meghann Beamer Michael Sisco Sam Hubbard
Mississippi Department of Banking and Consumer Finance
> Commissioner Charlotte Corley > Deputy Commissioner
Rhoshunda Kelly> Director, Banking Division Sam Hubbard >
Chief Examiner Roger Sinclair > Chief Examiner Nicky Shelton
> Supervisory Examiners > On-site Examiners (30) > 17th
Largest Banking Department in the Country DBCFs Authority DBCFs
Authority Banking Division DBCFs Authority Consumer Finance
Division DBCFs Authority Mortgage Division Bank Regulation/Charters
Bank Regulation/Charters
State CharteredInstitutions Bank Regulation/Charters
National Charter Bank Regulation/Charters
Fed Reserve State Charters canchoose to be amember of the Fed
Regulated jointly bythe State and FedReserve Bank
Regulation/Charters
Federal Deposit Insurance Corporation Is a Federal corporation that
providesinsurance to protect depositors FDIC regulates all banks
that carryFDIC insurance; however, the FDICmostly examines State
chartered banks Mississippi State Chartered Banks
Under $1 Billion $1 Billion - $10 Billion Renasant, BankPlus,
Bankfirst, Metropolitan Over $10 Billion BancorpSouth, Whitney
Total *17 additional Nationally Chartered Banks inMississippi Bank
Examiners Bank Examiners Are appointed under state or federal law
to inspect and audit the operations and accounts of banks Bank
Examiners Examiners determine: Unsafe and unsound practices
Violations of law and regulation The adequacy of internal
controls/procedures The general character of management Why Banks
are Regulated? Protect the safety of the publics savings Maintain
public confidence in the integrity of the banking system Evaluate a
banks adherence to laws and regulations Help the FDIC protect the
Insurance Fund Identify the nature, severity, and cause of a banks
problems Recognize emerging risks and develop effective corrective
measures Types of Safety and Soundness Exams Types of Safety and
Soundness Exams
Full Scope Examination Detailed Evaluation of CAMELS Risk Focused
Examination Focuses on highest risk areas of institution Limited
Scope Examination/Visitation Flexible format and can be used to
examine any concerns that might arise with the institution Types of
Safety and Soundness Exams CAMELS CAMELS Examiners use the Uniform
Financial Institution Rating System Which is known as CAMELS:
Capital Asset Quality Management Earnings Liquidity Sensitivity to
Market Risk CAMELS CAMELS ratings are assigned based on a numerical
scale from 1 to 5, with 1 indicating the highest rating, lowest
degree of supervisory concern. A 5 rating indicates the lowest
rating, highest degree of supervisory concern. The overall
Composite rating is not an average and is determined by the degree
of risk one component or several components could have on the
institution. Capital Adequacy Asset Quality Management Earnings
Liquidity Sensitivity to Market Risk Other Processes Strategic
Planning and Budgeting Future road map for banks
Loan Discussion Specialty Exams IT, BSA, and Trust Meetings with
Management Cycle All State chartered banks under an Enforcement
Action are joint exams with the FDIC and require a 12 month exam
and a 6 month visitation. All State chartered banks under an
Enforcement Action are joint exams with the FDIC and require a 12
month exam and a 6 month visitation. All State chartered banks with
assets over $1 billion require a 12 month exam and are joint with
the FDIC. All State chartered banks under an Enforcement Action are
joint exams with the FDIC and require a 12 month exam and a 6 month
visitation. All State chartered banks with assets over $1 billion
require a 12 month exam and are joint with the FDIC. All State
chartered banks with assets over $10 billion require a continuous
exam and are joint with the FDIC. All State chartered banks under
an Enforcement Action are joint exams with the FDIC and require a
12 month exam and a 6 month visitation. All State chartered banks
with assets over $1 billion require a 12 month exam and are joint
with the FDIC. All State chartered banks with assets over $10
billion require a continuous exam and are joint with the FDIC. All
State chartered/State member banks not under an Enforcement Action
and under $1 billion require an 18 month exam and are alternated
with the FDIC/Federal Reserve. S Facing Banks COMMUNITY BANKS
COMPETING WITH LARGE INSTITUTIONS
Loan demand Trust Preferred Securities Appraisals/Evaluations DATA
SECURITY REGULATION Credit Unions Outsourcing Basel III Capital
Requirements Summary Mississippi Department of Banking and Consumer
Finance Bank Examiners Laws and Regulations Exam Process Current
Issues