Qualification process.

CFR · 2024-01-01 · US · Title 12

(a) (2) An FDIC-supervised institution that elects to be subject to this subpart under § 324.100(b)(1)(v) must adopt a written implementation plan. (b) (i) Comprehensively address the qualification requirements in § 324.122 for the FDIC-supervised institution and each consolidated subsidiary (U.S. and foreign-based) of the FDIC-supervised institution with respect to all portfolios and exposures of the FDIC-supervised institution and each of its consolidated subsidiaries; (ii) Justify and support any proposed temporary or permanent exclusion of business lines, portfolios, or exposures from the application of the advanced approaches in this subpart (which business lines, portfolios, and exposures must be, in the aggregate, immaterial to the FDIC-supervised institution); (iii) Include the FDIC-supervised institution's self-assessment of: (A) The FDIC-supervised institution's current status in meeting the qualification requirements in § 324.122; and (B) The consistency of the FDIC-supervised institution's current practices with the FDIC's supervisory guidance on the qualification requirements; (iv) Based on the FDIC-supervised institution's self-assessment, identify and describe the areas in which the FDIC-supervised institution proposes to undertake additional work to comply with the qualification requirements in § 324.122 or to improve the consistency of the FDIC-supervised institution's current practices with the FDIC's supervisory guidance on the qualification requirements (g

official document · source cfr-2024 · id 12:§ 324.121