Financial regulators, including the NCUA, intend to emphasize the need to tailor examinations based on the risk a financial institution poses, the Federal Financial Institution Examination Council said this week.
"A risk-focused supervision process is where more resources are used to address institutions or areas that present heightened risk versus those that do not," the council said, in the second update of its work.
The council is a forum intended to allow financial regulators to discuss ways to increase the effectiveness and efficiency of the examination process. It has reviewed the ways financial regulators have tailored examinations based on the size and risk a financial institution poses and found that state and federal regulators have adopted similar programs for tailoring examinations.
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