Kenneth Ehrlich publishes “As Scrutiny Increases, Bankers Must Think Like Regulators”Print PDF
Kenneth Ehrlich, co-chair of the firm’s Banking and Financial Services practice, published “As Scrutiny Increases, Bankers Must Think Like Regulators” in Banker & Tradesman on June 23. The article discusses the regulatory agencies concern about the safety and soundness of the institutions they regulate given the current weaknesses in the housing and credit markets. During upcoming safety and soundness examinations, bankers should expect a closer-than-normal look at asset quality and earnings, among other related areas, and anticipate specific issues by thinking like examiners.
Ken suggests the best way to avoid adverse consequences is to be vigilant in monitoring troubled credits and writing them down as necessary on a timely basis, to be aware of important rules and guidelines, and to be perceived by your examiner as having your eyes on the ball by taking the necessary steps under the circumstances.