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8 Cards in this Set
- Front
- Back
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The single most important element in the successful operations of a bank
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QUALITY OF MANAGEMENT
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Directors must provide a clear framework of objectives and policies at a minimum:
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Investments Loans Capital Planning Profit Planning Budgeting Asset/Liability & Funds Management IRC - Internal Routines and Controls Audit Programs Interest of Conflict Code of Ethics Speciality Areas : BSA, IT, and Trust |
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Part 364 - Appendix A of the FDIC Rules and Regulations - Interagency Guidelines for Safety and Soundness Standards:
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Loan Documentation Credit Underwriting Asset Growth Asset Quality Interest Rate Exposure Internal Controls and Systems Internal Audit System Earnings Compensation, Fees and Benefits |
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There are 3 dimensions of management:
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C - Controlling O - Organizing P - Planning Planning is indispensable. it must be dynamic, carefully attended to, and well supported. Bank failures are apart of ill-conceived planning process. |
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Primary duty of the Board of Directors is to:
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Select and Appoint the Executive Officers.
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Once the bank is adequately capitialized then dividends and be paid. What to Dividends represent?
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The distribution of bank earnings to owners. The Board must establish the medium, rate and date of dividend payments.
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What factors determine an effective management information system (MIS)
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Quality, quantity and timeliness of information.
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What is the most important responsibilities of executive management?
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Make certain directors are kept fully informed on all important matters and the record clearly reflects this. The informations should be concise, meaningful and in written form. |
