A new study by financial information firm Sageworks has revealed what gets the most attention from examiners of credit unions and other regulated financial institutions.
The Raleigh, N.C.-based firm surveyed representatives from 180 financial institutions about their most recent federal examinations. The respondents included chief executives, chief financial and credit officers, credit analysts, compliance and risk management staff, and third-party consultants involved in examinations.
Asset quality, sensitivity to market risk and capital adequacy were examiners' largest areas of focus, according to the study; for NCUA-examined respondents, liquidity was also an attention-getter.
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