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All Together Now: Bankers and Regulators Meet at Credit Forum

Lisa White at podium Credit Forum
Lisa White welcomed bankers to the forum, at the beginning of a day filled with learning and networking opportunities.

As part of our outreach to financial institutions, the Richmond Fed recently hosted a Community Bank Credit Forum at our Richmond office. More than 40 representatives from banks across the Fifth Federal Reserve District came together to network and learn about a wide variety of relevant topics, including credit risk management best practices, what’s going on in commercial real estate and emerging risks. Attendees even participated in an exercise to give them a better understanding of how the Richmond Fed’s bank examiners review credit risk and the rationale behind assigning credit risk ratings.

Credit forum room

The forum agenda included a wide variety of topics related to credit, including an interactive session on credit risk and credit risk ratings.

As part of the Federal Reserve’s supervision responsibilities, examiners conduct commercial bank examinations and bank holding company inspections to evaluate the soundness of the institution's assets and the effectiveness of its internal operations, policies and management. Examiners analyze asset quality, capital, earnings and liquidity and assess the institution's sensitivity to certain risks. They also check for compliance with banking laws and regulations. This event focused on the asset quality component of examinations.

The Richmond Fed has been hosting the Community Bank Credit Forum for five years now, and celebrated being able to host it in person once again after several years using a virtual format.

"Our mantra is ‘Fed supervision is built on strong relationships,’” explains Jeff Deibel, the Richmond Fed’s vice president of Community and Regional Safety and Soundness supervision. “Our credit forum, as well as other events we offer, are great opportunities for bankers and regulators to come together and share information outside of the formal bank examination process. Through these exchanges — particularly when we can be together in person — it helps build trust and transparency.”

Learn more about the Richmond Fed’s important role in banking supervision and how we promote the safety and soundness of financial institutions. Want to hear from us? Visit our email subscriptions page to see a full list of what we offer.

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