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FDIC - EVAL-23-001 - 7

Closed · 2023-05-10

From report

Report
FDIC Examinations of Government-Guaranteed Loans
OIG report number
EVAL-23-001
Recommendation number
7

Recommendation text

Issue and implement guidance for examiners clarifying the FDIC supervisory expectations for reviewing bank PPP activities, including the level of PPP loan volume triggering a heightened review, how examiners should assess the PPP activities of banks that have existing BSA/AML weaknesses, and protocols for examination staff to communicate observed weaknesses.