100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TE Study Guide - Formal Administrative Actions (15.1) Study Guide Solutions $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. FDIC
  4.  
  5. FDIC

Exam (elaborations)

TE Study Guide - Formal Administrative Actions (15.1) Study Guide Solutions
 0 view  0 purchase
  • Course
  • FDIC
  • Institution
  • FDIC

TE Study Guide - Formal Administrative Actions (15.1) Study Guide Solutions What is a formal enforcement action? - ANSWER-Notices of orders issued by FDIC against a bank or IAP. They are legally enforceable and most notices and final orders are published after issuance. When is a formal enforc...

[Show more]

Preview 3 out of 25  pages

Document information

  • November 26, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • te study guide formal administrative actions 15

Written for

  • FDIC
  • FDIC

Seller

avatar-seller
EmillyCharlotte

Reviews received

Content preview

TE Study Guide - Formal Administrative
Actions (15.1) Study Guide Solutions


What is a formal enforcement action? - ANSWER✔✔-Notices of orders

issued by FDIC against a bank or IAP. They are legally enforceable and

most notices and final orders are published after issuance.


When is a formal enforcement action used? - ANSWER✔✔-To reduce risks

and address deficiencies.


- Generally, for a composite rate 4 or 5


- Conditions or concern over a high volume or severity of violations.


When can the formal enforcement action be modified? - ANSWER✔✔-A

modification order must be issued to modify an existing order.


When can the formal enforcement action be terminated? - ANSWER✔✔-

When any of the following exist:


- Conditions and relevant circumstances at the bank have improved

sufficiently and formal action no longer needed.

Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/25

,- Provision of the formal action have been fully satisfied


- A new formal or informal action has been issued to replace the existing

action and address any outstanding issues.


- Conditions of the bank have deteriorated and a new action has been

initiated.


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8a do? - ANSWER✔✔-Terminate deposit

insurance


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8b do? - ANSWER✔✔-Issue cease and desist

orders


- Can say bank engaging in unsafe or unsound practice if 3 rated AQ,

management, earnings, or liquidity.


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8c do? - ANSWER✔✔-Invoke temporary

(effective upon service) cease and desist orders




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/25

, Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8e and 8g do? - ANSWER✔✔-Remove IAPs or

prohibit their participation in bank affairs


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8s do? - ANSWER✔✔-Issue orders to C&D

from violating certain AML regulations.


Section 8 of the FDI Act provides the FDIC's Board with broad enforcement

powers. What does Section 8w do? - ANSWER✔✔-Terminate deposit

insurance for certain money laundering offenses.


Is only the FDIC Board authorized to deem something unsafe and

unsound? - ANSWER✔✔-Yes.


Can examiners use the term "unsafe and unsound" in the ROE? -

ANSWER✔✔-No, they can use undesirable, unacceptable, imprudent, etc.


Does the ROE serve as primary evidence to support formal actions? -

ANSWER✔✔-Yes.




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/25

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart