The Federal Deposit Insurance Corp. has released two new videos in its ongoing series of technical assistance to bank directors, officers, and employees on regulatory issues and proposed regulatory changes. The new videos address flood insurance and appraisals and evaluations.
The flood insurance video examines key regulatory requirements, strategies for building an effective compliance management system and frequently asked questions. FDIC officials in an announcement said it is intended for compliance officers, lenders, and other bank personnel with responsibilities for flood insurance compliance.
A second newly released video addresses regulatory requirements and supervisory guidance for appraisals and evaluations, highlights when an appraisal or an evaluation is needed and discusses validating appraisals and evaluations. It also covers applying the appraisal regulation to particular situations as well as the review process for appraisals and evaluations.
Doreen R. Eberley, director of the FDIC division of risk management supervision, said the video offers examples that answer questions commonly raised by community banks.
FDIC officials said four additional videos to be released this month will cover fair lending, troubled debt restructurings, the allowance for loan and lease losses and evaluation of municipal securities.
The FDIC’s technical assistance videos and additional information are available online at fdic.gov/resourcecenter.
