Bank Examination
Bank examination is a comprehensive assessment conducted periodically by a designated federal agency, appointed by the central bank of a country, to evaluate the financial health and resilience of a bank. This examination focuses on various aspects, including the strength of the bank's balance sheet, regulatory compliance, and internal controls. It ensures that the bank operates within the established standards and regulations, abides by the law, and maintains financial stability. The examination covers areas such as asset quality, risk profile, management of funds, lending policy, and the overall effectiveness of the managing team. Additionally, the process involves a thorough review of the affairs and records of the bank by state or federal bank examiners.
Investopedia. Retrieved from: https://www.investopedia.com/terms/b/bank-examination.asp
The Business Professor. Retrieved from: https://thebusinessprofessor.com/en_US/banking-lending-credit-industry/bank-examination-defined
Vocabulary Dictionary. Retrieved from: https://www.vocabulary.com/dictionary/bank%20examination