RAMP UP
Review, Assess, Mitigate, Perform, Understand, Present
The FinPro RAMP UP service is a pre or post-regulatory exam service that will prepare an institution before a regulatory exam or assist with a regulatory enforcement action.
Why Banks Need to Prepare for Regulatory Exams
Examinations are leading to more enforcement actions.
Major criticisms in recent regulatory enforcement actions lead to required corrective actions that could have a severe impact on an institution.
Advanced preparation saves time and money.
A CAMELS rating downgrade by the regulators can result in as much as an additional $100,000 per year in FDIC insurance premiums for every $100 million in deposits.
In addition to FDIC assessment hikes, institutions can expect increases in other noninterest expense items such as legal, consulting, D&O and fidelity insurance.
A prolonged period of regulatory oversight will limit business opportunities and value creation.
Ex-Regulators Provide Extensive Expertise
FinPro’s staff of former senior regulators provide extensive expertise and are uniquely positioned to recognize deficiencies at an institution. FinPro maintains close contact with all bank regulatory agencies and departments in order to stay current with upcoming policies and rules.
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