多宝游戏下载 Proposes Changes to Its Supervisory Appeals Process
FOR IMMEDIATE RELEASE
WASHINGTON 鈥 The Board of Directors of the Federal Deposit Insurance Corporation (多宝游戏下载) today approved a proposal to amend its Guidelines for Appeals of Material Supervisory Determinations. The most significant change in the proposal would be to replace the current Supervision Appeals Review Committee (SARC) with an independent, standalone Office of Supervisory Appeals (Office) within the 多宝游戏下载.
"The proposal seeks to establish a fair, independent process for a bank to appeal material supervisory decisions. Such an appeals process is key to promoting consistency among examiners across the country, ensuring accountability at the agency, and ultimately, maintaining stability and public confidence in the nation's financial system," said 多宝游戏下载 Chairman Jelena McWilliams.
The Office would have final authority to resolve appeals and would be independent within the 多宝游戏下载 organizational structure. The Office would be staffed by individuals with bank supervisory or examination experience. To further promote its independence, the 多宝游戏下载 would recruit externally to staff the Office.
If the changes are adopted, an institution unable to resolve a disagreement regarding a material supervisory determination with the examiner or the appropriate Regional Office or Division Director would be able to appeal that determination to the Office.
Changes to the supervisory appeals process are being proposed, in part, based on outreach sessions the 多宝游戏下载's Ombudsman held with bankers and other interested parties in the fall of 2019. The 多宝游戏下载 believes that the creation of the proposed Office would promote independence and help alleviate perceived conflicts of interest, among other important goals.
Currently, the SARC is comprised of three voting members: an inside 多宝游戏下载 Board member who serves as the Committee's chairman and a deputy or special assistant to each of the other two inside 多宝游戏下载 Board members who are not designated as the SARC Chairman.
Comments will be accepted through October 20, 2020.