CREDIT RISK RATING. (1) Within sixty (60) days of this Agreement, the Board shall develop a program to ensure that the risk associated with the Bank’s loans and other assets is properly reflected and accounted for on the Bank’s books and records, to include, at a minimum, provisions to:
CREDIT RISK RATING. (1) Within thirty (30) days, and on an ongoing basis thereafter, the Board shall review and revise its processes and controls to ensure that the Bank’s internal risk ratings of commercial credit relationships in excess of $250,000 (“Covered Relationship”), as assigned by responsible loan officers and by internal loan review, are timely, accurate, and consistent with the regulatory credit classification criteria set forth in the Rating Credit Risk Booklet, A-RCR, of the Comptroller’s Handbook. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the assessment of credit risk of any Covered Relationship:
CREDIT RISK RATING. (1) Within seventy-five (75) days of the date of this Agreement, the Bank shall submit to the ADC for review and prior written determination of no supervisory objection an acceptable credit risk ratings program designed to ensure that the risk associated with the Bank’s loans and other assets is properly reflected and accounted for on the Bank’s books and records. Refer to the "Rating Credit Risk" booklet of the Comptroller's Handbook for guidance.
CREDIT RISK RATING. (1) Within ninety (90) days of the date of this Agreement, the Board shall develop and approve an effective problem loan identification program that provides for early identification of emerging and potential problem credits, along with a formal plan to proactively manage these assets. This includes, but is not limited to:
CREDIT RISK RATING. (1) On or before March 31, 2016, the Board shall develop, and submit to the Assistant Deputy Comptroller for a prior written determination of no supervisory objection, a program to ensure that: 1) the risk associated with the Bank’s loans and other assets is properly reflected and accounted for on the Bank’s books and records, and 2) the Bank does not improperly recognize income. The program shall include, at a minimum, provisions requiring that:
CREDIT RISK RATING. (1) Within sixty (60) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s internal risk ratings of commercial credit relationships in excess of $250,000 (covered relationship) are timely, accurate, and consistent with the regulatory credit classification criteria set forth in the Rating Credit Risk Booklet, A-RCR, of the Comptroller’s Handbook. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the assessment of credit risk of any covered relationship:
CREDIT RISK RATING. (1) Within thirty (30) days of the date of this Agreement, the Bank shall submit to the Assistant Deputy Comptroller for review and prior written determination of no supervisory objection an acceptable written credit risk rating program (“Credit Risk Rating Program”) designed to ensure that the risk associated with the Bank’s loans and other assets is properly reflected and accounted for on the Bank’s books and records. Refer to the “Rating Credit Risk” booklet of the Comptroller's Handbook for related safe and sound principles.
