Federal Reserve Bank of Richmond

04/29/2024 | News release | Distributed by Public on 04/29/2024 06:07

All Together Now: Bankers and Regulators Meet at Credit Forum

As part of the Federal Reserve's supervision responsibilities, examiners conduct commercial bank examinations and bank holding company inspections to evaluate the soundness of the institution's assets and the effectiveness of its internal operations, policies and management. Examiners analyze asset quality, capital, earnings and liquidity and assess the institution's sensitivity to certain risks. They also check for compliance with banking laws and regulations. This event focused on the asset quality component of examinations.

The Richmond Fed has been hosting the Community Bank Credit Forum for five years now, and celebrated being able to host it in person once again after several years using a virtual format.

"Our mantra is 'Fed supervision is built on strong relationships,'" explains Jeff Deibel, the Richmond Fed's vice president of Community and Regional Safety and Soundness supervision. "Our credit forum, as well as other events we offer, are great opportunities for bankers and regulators to come together and share information outside of the formal bank examination process. Through these exchanges - particularly when we can be together in person - it helps build trust and transparency."

Learn more about the Richmond Fed's important role in banking supervisionand how we promote the safety and soundness of financial institutions. Want to hear from us? Visit our email subscriptions page to see a full list of what we offer.