Providing independent reviews of various loan and operational areas.
Regulatory guidance emphasizes the establishment of a system of independent, ongoing credit reviews to: identify, monitor, and address asset quality problems in an accurate and timely manner; and test compliance with board policies and procedures and applicable laws and regulations.
Eleven years of bank examination and exposure to numerous aspects of loan operations and the varying procedures used by financial institutions has provided a perspective that is familiar with both the expectations and the requirements of the regulators, as well as the most effective procedures practiced by banks.
Bank management receives not only an experienced evaluation in these areas, but also an objective view of the bank's activities. An independent and extensive review allows the identification of issues before they escalate to more significant problems.
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