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Report File
Date Issued
Submitting OIG
Federal Reserve Board & CFPB OIG
Agencies Reviewed/Investigated
Board of Governors of the Federal Reserve System
Report Number
2025-SR-B-003
Report Type
Inspection / Evaluation
Agency Wide
Yes
Number of Recommendations
2
Questioned Costs
$0
Funds for Better Use
$0
Report updated under NDAA 5274
No

Open Recommendations

This report has 2 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
1 No $0 $0

Develop training for examination staff that
(a) provides an overview of the Bank Exams Tailored to Risk model risk metrics, adjustment factors, and bump-up rules.
(b) provides an overview of the process for using Bank Exams Tailored to Risk to scope an examination.
(c) reinforces the resources and guidance materials available to help examination staff understand these topics.

2 No $0 $0

Establish a process to periodically assess the need for additional training as the Bank Exams Tailored to Risk Program redevelops the models and implements new adjustment factors and bump-up rules.

Federal Reserve Board & CFPB OIG

United States