South Dakota Bankers Association: Financial Regulators Issue Examiner Guidance for Assessing COVID-19 Effects
June 26, 2020
June 26, 2020
PIERRE, South Dakota, June 26 -- The South Dakota Bankers Association issued the following news:
Recognizing the significant and long-lasting effects of the coronavirus pandemic on financial institutions, federal and state financial regulators on Tuesday issued joint guidance for how examiners should assess the effects of COVID-19 on the safety and soundness of banks and credit unions. The guidance directs examiners to assess institutions according to existing agency policies and pr . . .
Recognizing the significant and long-lasting effects of the coronavirus pandemic on financial institutions, federal and state financial regulators on Tuesday issued joint guidance for how examiners should assess the effects of COVID-19 on the safety and soundness of banks and credit unions. The guidance directs examiners to assess institutions according to existing agency policies and pr . . .