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FFIEC Provides Update of Examination Modernization Project
Friday, March 23, 2018 6:30 AM

The members of the Federal Financial Institutions Examination Council (FFIEC) yesterday announced an update on its Examination Modernization Project that was undertaken as a follow-up to the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).

The objective of the project is to identify and assess ways to improve the effectiveness, efficiency, and quality of community financial institutions safety and soundness examination processes, particularly through increased leveraging of technology. The agencies expect these efforts to help reduce unnecessary regulatory burden on community financial institutions.

View the entire press release‚Äč.