Reduce liability for losses on commercial accounts by adhering to four requirements.
FDIC Announces Official Launch of Regulatory Calendar for Community Banks
Dec 10 - As part of its FDIC Community Banking Initiatives, the FDIC has launched a draft online regulatory calendar to help community banks stay up-to-date on changes in federal banking laws, regulations and supervisory guidance. The FDIC requested feedback from the industry on ways to improve the calendar and has revised it based on a review of the comments received.
- On July 25, 2012, as part of its Community Banking Initiatives, the FDIC placed on its Web site a draft regulatory calendar to facilitate compliance and help improve communication with the banking industry.
- The FDIC requested feedback from the industry on ways to improve the calendar and revised it after reviewing the comments received. The updated calendar is available at www.fdic.gov/regulations/resources/cbi/calendar.html.
- The calendar includes notices of proposed, interim and final rulemakings; supervisory guidance to financial institutions issued by the FDIC and FFIEC; and joint issuances with other regulators that do not fall under the auspices of the FFIEC. It also includes selected items from other regulators relevant to the FDIC's supervisory examination programs.
- In addition, the calendar provides dates and topics of upcoming outreach events for bankers, such as conference calls to discuss important regulatory issues.
- The calendar briefly describes each item and provides reference material and key dates banks should be aware of, such as the comment period for proposed rules and the effective date for finalized guidance. The description can be viewed by clicking on the calendar entry.
- The calendar, which may also be viewed in a list format, offers other user features such as filter, search, print, export (e.g., Outlook, Blackberry, iPhone, Palm, Excel), and help functions.
- The FDIC appreciates all the comments and suggestions received on ways to enhance the calendar.
- Bankers should consult source documents for complete information.