FDIC Will Deploy New Banker Engagement Site to Promote Smooth Exchange of Information With Examiners

The Federal Deposit Insurance Corporation will launch a new portal to provide a more efficient means for bank personnel to respond to information and document requests during the consumer and Community Reinvestment Act (“CRA”) compliance examination process.  The site will also be the primary vehicle for banks to submit questions and comments to the examination team.  The new Banker Engagement Site, which will run on the FDICconnect system, will not be used for other examinations such as safety and soundness.  In addition, the site will not be used for consumer and CRA exams already underway when the new portal is officially opened.

Knowledge assets are defined in the study as confidential information critical to the development, performance and marketing of a company’s core business, other than personal information that would trigger notice requirements under law. For example,
The new study shows dramatic increases in threats and awareness of threats to these “crown jewels,” as well as dramatic improvements in addressing those threats by the highest performing organizations. Awareness of the risk to knowledge assets increased as more respondents acknowledged that their