Addressing Regulatory Issues Early
The bank examination process can be an ideal time for executives and directors to get a sense for potential weaknesses, even if they believe that the bank does not have issues or that those issues have been sufficiently addressed, says Alexandra Barrage, a partner at Troutman Pepper Locke. And examiners want to know that the board takes regulatory compliance seriously, and does not treat ias a box-ticking exercise.
Topics discussed include:
- What the Report of Examination Reveals
- When Weaknesses Need Urgent Attention
- Supervisors’ Expectations of the Board’s Understanding
Alexandra Barrage
Alex advises clients on a wide range of complex regulatory and supervisory matters, including enforcement and examination issues, bank-fintech partnerships, resolution planning, and digital asset activities. Her broad experience includes handling supervisory examinations, regulatory due diligence and compliance, bankruptcy, and digital asset product development. With experience serving in senior FDIC roles and an extensive background counseling the largest financial institutions and technology companies in the U.S., Alex offers clients a broad market perspective, practical solutions, and a deep appreciation for the nuances of today’s regulatory landscape.