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Jon Drake
Senior EVP & CFO
Peoples Bank
Lubbock TX
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Original Message:
Sent: 10-22-2019 09:21
From: Barb Rehm
Subject: Tuesday Topic: Consistent Camels Ratings?
Federal regulators have agreed to take a close look at Camels ratings, American Banker reports. Camels ratings are the foundation of bank supervision, so it's a big deal when the Fed and FDIC issue a "request for information" to ask whether these ratings are being consistently assigned. The Fed and the FDIC also asked for "feedback concerning the current use of CAMELS ratings by the agencies in their bank application and enforcement action processes." You can see the 10 topics of interest to the agencies in the document attached to this post - just scroll down to page 10-12. Do you see this as a real chance to affect bank supervision? Will you weigh in before the comment deadline in late December? What's the best thing regulators could do to improve the ratings system?
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Barb Rehm
Senior Managing Director
Promontory Interfinancial Network, LLC
Arlington VA
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