Regulatory Compliance & Reporting
Reporting and advice for institutions under Consent Orders/M.O.U./Regulatory Supervision. Recommendations from Regulators for banks needing assistance.
Validations: Congruent with OCC Bulletin 2000-16 & 38, the news releases on model validation, our approach focuses on exceeding regulatory expectations in the following three areas:
- The information input component, which is comprised of data and assumptions modules. We rely on your Accounting and IT departments to supplement the data input audit process, as appropriate. The review of assumptions involves comparison to bank-specific practices, as well as industry standards and “best practices”. Review of input and assumption documentation is part of this component.
- The processing component, or analytical model, IPS-Sendero, transforms the data and assumptions into a business, or simulation, model of your bank. We assess the validity of your model via comparison marketplace models (i.e. Bloomberg Financial), as appropriate.
- A reporting component, which is properly viewed as an integral part of management’s information reporting. Review of appropriate policies is also part of this component.
