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    US Agencies Extend Information Request Period on CAMELS Rating System

    December 27, 2019

    US Agencies (FDIC and FED) announced the extension of the deadline for the request for information on their use of the Uniform Financial Institutions Rating System or UFIRS, also known as the CAMELS rating system. The comment period, which was intended to close on December 30, 2019, has been extended to February 28, 2020. The agencies extended the comment period in response to the requests received for the extension of comment period, thus allowing interested persons more time to analyze the issues and prepare their comments.

    The initial notice on request for information from stakeholders was published on October 31, 2019. In this notice, the agencies requested comments on the consistency of ratings assigned by the agencies under Uniform Financial Institutions Rating System. The CAMELS rating system, which contains an overall composite rating, is an acronym of the six evaluation components—Capital, Asset Quality, Management, Earnings, Liquidity, and Sensitivity to market risk. The agencies are also seeking feedback on the current use of CAMELS ratings by the agencies in their bank application and enforcement action processes. The effort to seek comments and information is consistent with the commitment of the agencies to increase transparency, improve efficiency, support innovation, and provide opportunities for public feedback. 

     

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    Comment Due Date: February 28, 2020

    Keywords: Americas, US, Banking, CAMELS Rating, Market Risk, UFIRS, FDIC, FED, ALM, US Agencies

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