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​​ Updates to FCA Examination Manual

This database contains all the updates made to the FCA Examination Manual since August 2014, when FCA issued an updated version of the manual.
  
  
Update Details
12/12/2018EM-31.4 Human Capital Management
Published new guidance on compensation committees, director and employee compensation, and benefit and retirement programs, and updated the Overview section.
12/12/2018WP 31.4-8 Compensation Committee Workpaper
Added this workpaper for examining Compensation Committee guidance, membership, and operations.
7/17/2018EM-41.2 Earnings Management
Updated the guidance related to funds transfer pricing, with the most substantive changes in the Overview section, Monitoring & Reporting procedure, and the procedures in the Funds Transfer Pricing section.  Also, made other technical/grammatical updates.
6/5/2018EM-31.4 Human Capital Management
Published new guidance on job descriptions, performance standards and evaluations, and training and development; updated guidance on succession planning to address qualifications; and made other technical/grammatical updates.
4/30/2018EM-1.2 Overview of FCA Examination Process
Updated the Corrective Actions section to reflect a change in how we communicate expectations for resolving areas of concern, and made other technical/grammatical updates.  With this change, we no longer refer to required and recommended actions and will now use matters requiring attention (or MRAs) to communicate items the board and management need to address.
3/28/2018WP 33.3-2 Quarterly Report Workpaper
Added or revised the Notes in rows 2, 3, 30, 31, and 32.  Made other technical/grammatical updates.
2/15/2018EM-33.1 Federal Lending Regulations
Updated guidance for the HMDA procedure to address changes to the regulations effective 1/1/2018, and made other technical/grammatical updates.
2/15/2018WP 33.3-1 Annual Report Workpaper
Updated rows 5, 18, 25j, 37, and 67 and added rows 36x, 112, and 113 to address disclosure requirements for banks related to the new capital regulations. Updated rows 25j, 38, and 67 and added row 36x to address disclosure requirements for associations related to the new capital regulations.  Added Notes in rows 88 and 111.  Made other technical/grammatical updates.
2/15/2018WP 11.2-3 Capital Distributions
Added this workpaper for examining compliance with capital distribution requirements.
2/15/2018WP 11.2-5 Capital Regulatory Compliance
Added this workpaper for examining compliance with requirements related to capital bylaws and resolutions, preferred stock and subordinated debt, and capital buffers (limits on capital distributions and certain discretionary bonus payments).
1/4/2018High-Risk Asset Accounting and Reporting
Updated the Other Property Owned section to reflect revenue recognition accounting changes.  (This document is referenced within the EM-22.2 Risk Identification Exam Manual section.)
11/15/2017EM-33.2 Borrower Rights
Published new guidance for examining this topic.
9/7/2017EM-31.5 Mission Compliance
Published new guidance for examining young, beginning, and small (YBS) farmer programs and audit of mission compliance-related issues.  Made other technical/grammatical updates.
6/21/2017EM-11.1 Capital Adequacy
Updated to incorporate changes related to the new capital regulations, and made other technical/grammatical updates.
6/21/2017EM-11.2 Capital Management
Updated to incorporate changes related to the new capital regulations, including substantive revisions to the guidance for the Plans & Strategies, Capital Distribution Programs, and Capital Compliance procedures.  Also, made other technical/grammatical updates.
6/6/2017EM-1.5 FCA Criminal Referral Form and Instructions
Published a new version of the FCA Criminal Referral Form, and made other technical/grammatical updates.
5/24/2017WP 33.3-2 Quarterly Report Workpaper
Updated rows 3 and 13 and added rows 31 and 32 to address disclosure requirements for banks related to the new capital regulations, and made other technical/grammatical updates.
5/15/2017EM-31.1 Corporate Governance
Published new guidance for examining several components of this topic, including director elections and qualifications, standards of conduct, criminal referral, whistleblower programs, unincorporated business entities, and audit of corporate governance issues.
5/15/2017WP 31.1-13 Standards of Conduct Policies and Procedures
Added rows 4, 5, and 6; revised the Notes in rows 3a, 3b, and 3l; and made other technical/grammatical updates.
4/20/2017WP 22.4-7 Lending (and Leasing) Limit Base Computation Workpaper
Updated to reflect changes resulting from the new capital regulations, and made other technical/grammatical updates.
4/18/2017EM-31.7 Information Technology & Security
Consolidated the former Security and IT Operations sections into this one new section, and created a new set of examination procedures.  Published the guidance for the Audit procedure.
4/17/2017EM-1.3 Financial Institution Rating System
Updated Attachment 1 by incorporating the new Capital benchmarks, modifying Assets benchmarks to refer to total regulatory capital rather than risk funds, adding or deleting some statistics in each applicable CAMELS section, and including links to a data dictionary.  Made other technical/grammatical updates in the body and attachment.
4/14/2017EM-33.1 Federal Lending Regulations
Changed topic name from Consumer Lending to Federal Lending Regulations.  Published guidance for the HMDA, Margin Stock, and Audit procedures.  Added a procedure on Servicemembers Civil Relief Act & Military Lending Act.
1/18/2017WP 003 Board Policies & Charters Workpaper
Added two rows (Internal Controls – Capital Disclosures, and Capital) for policies related to the new capital regulations, and made other technical/grammatical updates.
1/18/2017WP 31.2-4 Business Planning Regulatory Compliance Workpaper
Updated the Capital Plan section to address changes in the capital regulations, and made other technical/grammatical updates.
1/18/2017WP 31.2-2 Business Plan Projections Workpaper
Updated the ratios to address changes in the capital regulations.
1/18/2017EM-31.2 Business Strategy & Planning
Updated the guidance for the Projections and Objectives, Strategies, & Action Plans procedures to address requirements in 628.10(e)(2) of the new capital regulations, and made other technical/grammatical updates.
1/18/2017EM-33.3 Financial & Shareholder Reporting
Updated the guidance for the Annual Report, Quarterly Report, and Financial Reporting Controls procedures to identify new capital disclosure requirements for banks, and made other technical/grammatical updates.
12/15/2016EM-31.4 Human Capital Management
Updated the Affirmative Action Program Plan procedure guidance to address new standards on employing protected veterans and individuals with disabilities, and made other technical/grammatical updates.
8/29/2016EM-1.4 Supervision and Enforcement
Updated the Civil Money Penalties section for changes in FCA Regulations effective 8/1/2016, and made other technical/grammatical updates.
8/11/2016EM-22.2 Risk Identification
Added references to FAQs About Risk identification and made other technical/grammatical updates.
4/20/2016EM-11.2 Capital Management
Updated the Audit procedure guidance, incorporated reference to an FRB guidance document, and made other technical/grammatical updates.
4/20/2016EM-22.1 Portfolio Planning & Analysis
Updated the Audit procedure guidance and added coverage of the Accounts and Exposures regulation in the Information Systems & Data procedure.
4/20/2016EM-31.2 Business Strategy & Planning
Updated the Audit procedure guidance and made other technical/grammatical updates.
4/20/2016EM-31.3 Audit & Review Programs
Published new guidance for examining this topic.
4/20/2016EM-31.4 Human Capital Management
Updated the Audit procedure guidance and made other technical/grammatical updates.
4/20/2016EM-31.6 Business Continuity
Updated the Audit procedure guidance, incorporated references to updated FFIEC and NIST guidance, and made other technical/grammatical updates.
4/20/2016EM-33.3 Financial & Shareholder Reporting
Updated the Audit procedure guidance and made other technical/grammatical updates.
4/20/2016EM-51.2 Liquidity Management
Updated the Audit procedure guidance and made other technical/grammatical updates.
4/20/2016WP 31.3-1 Audit Committee
Added this workpaper for examining Audit Committee guidance, membership, and operations.
4/13/2016EM-41.2 Earnings Management
Published new guidance for examining this topic.
 
4/11/2016WP 003 Board Policies & Charters Workpaper
Added a row to the workpaper for Lending to Similar Entities policy direction, and made other technical/grammatical updates.
4/11/2016WP 33.3-2 Quarterly Report Workpaper
Added clarifying Notes to rows 4 and 30, and made other technical/grammatical updates.
3/1/2016WP 33.3-1 Annual Report Workpaper
Added clarifying Notes to rows 73 and 111, and made other technical/grammatical updates.
2/11/2016EM-22.2 Risk Identification
Published new guidance for examining this topic.
 
2/10/2016WP 003 Board Policies & Charters Workpaper
Added a row to the workpaper for Whistleblower Program policy direction, and made other technical/grammatical updates.
1/25/2016EM-1.2 Overview of FCA Examination Process
Updated the FIRS Ratings Letters section to reflect a change in FCA's process, and made other technical/grammatical updates.
1/25/2016EM-1.3 Financial Institution Rating System
Updated the Overview, Assignment of Ratings, and Disclosure of Ratings sections to reflect a change in FCA's processes.
11/17/2015EM-21.2 Allowance for Losses
Published new guidance for examining this topic.
 
7/20/2015EM-33.3 Financial & Shareholder Reporting
Updated links to Call Report instructions.
3/11/2015EM-11.2 Capital Management
Published new guidance for examining this topic.
 
2/10/2015WP 33.3-1 Annual Report Workpaper
Added this workpaper for examining compliance with annual report to shareholders requirements.
 
2/10/2015WP 33.3-2 Quarterly Report Workpaper
Added this workpaper for examining compliance with quarterly report to shareholders requirements.
 
10/23/2014WP 003 Board Policies & Charters Workpaper
Updated the Accounts and Exposures row (page 6) to reflect the compliance date for the regulatory requirements (this update only impacts Funding Corporation).
8/21/2014Examination Manual Roll-out

​Today, FCA rolled out an updated version of the FCA Examination Manual.  The manual has a new structure and look, along with recently updated content for several sections.  For those sections where updated content is still under development, we provide links to relevant sections from the prior version of the manual.