Bank Examination
/ˈbæŋk ɪɡˌzæmɪˈneɪʃən/
Definitions
- (n.) A formal review and assessment conducted by regulatory authorities to ensure a bank's compliance with laws, financial stability, and operational soundness.
The bank underwent a thorough bank examination to verify its adherence to federal regulations.
Forms
- bank examination
- bank examinations
Related terms
See also
Commentary
Bank examinations typically focus on compliance, risk management, and financial condition, guiding regulatory actions and corrective measures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.