The National Bank Surveillance System is a computerized, off-site monitoring system developed by the U.S. Office of the Comptroller of the Currency “to assist in the early detection of problem banks and bank management,” for the purpose of initiating early corrective action.
National Bank Surveillance System
What is ‘National Bank Surveillance System’
A computerized monitoring system developed and implemented in 1975 by the U.S. Office of the Comptroller of the Currency (OCC) to collect data and evaluate national banks’ financial performance. By identifying banks in financial trouble, it acts as an early-warning system. Its quarterly Bank Performance Report compares each bank to a group of its peers to get an accurate picture of banks’ performance.
Explaining ‘National Bank Surveillance System’
The purpose of the Office of the Comptroller of the Currency is, as its motto proclaims, “ensuring a safe and sound national banking system for all Americans.” The OCC charters, regulates and supervises all U.S. national banks. Its supervisory functions include on-site reviews of national banks and oversight of bank operations.
National Bank Surveillance System FAQ
What is surveillance in banking?
What are the liabilities of a bank?
What is the role of a national bank?
Which of the following is an example of a bank asset?
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Why is it that bank executives today may not want their banks to hold sufficient levels of bank capital even if doing so would make their banks more stable?
- Central banks and financial stability: a survey – www.sciencedirect.com [PDF]
- Designing Stress Tests for the Czech Banking System – ideas.repec.org [PDF]
- FIMS: A new monitoring system for banking institutions – heinonline.org [PDF]
- Two cases for sand in the wheels of international finance – www.jstor.org [PDF]
- Establishing on-site bank examination priorities: An early-warning system using accounting and market information – www.jstor.org [PDF]