What can our bank expect in terms of feedback from the agencies after completion of QIS-4 and the submission of our results?
(December 21, 2004) Answer: It is expected that the agencies will be able to address many or most of our questions (and there may be only a few for a given institution) through phone calls, or perhaps through a discussion with on-site supervisors. QIS-4 team members will probably visit few institutions during the analysis phase of the project. To a large extent, the amount of follow-up work required will be determined by the quality and completeness of the questionnaires, and the information already available to supervisors about an institution’s risk management practices. As you may know, after the review period and after we have developed our conclusions and reported them to our principals, we expect to hold meetings or conference calls with participants to provide them with feedback regarding the study and how their results compare generally with those of other participants (using averages or aggregates). The agencies expect this process to be similar to the feedback process in QIS-
