FDIC Publishes Summer Issue of Supervisory Insights
On July 29th, the FDIC published its Summer 2014 issue of Supervisory Insights, which features "Alternatives to Consultants: Meeting Regulatory Expectations with Internal Resources." The article describes how making use of available technical assistance and maintaining a dialogue with FDIC staff to clarify regulatory expectations may help institutions economize on the use of outside consulting services. The article also describes ways that institutions may be able to conduct required independent reviews of key bank functions using internal resources. FDIC Press Release.