What does supervision entail?
Supervision for the most part refers to examinations. However, it also involves responding to any questions licensees may have and keeping them informed of regulatory changes the Department is planning. Most industries are subject to examination only of their compliance with statutes. Banks, credit unions, savings and loan associations and trust companies are examined to determine their safety and soundness. Rankings are on a scale of one to five, with one being the top score. Banks, credit unions, and savings and loan associations are examined according to the CAMELS system. This takes into account six areas: capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk.
Related Questions
- To meet the requirements of clause 4.6.6 that contractors shall be under the supervision of a nominated person – does that mean they have to be accompanied at all times on site?
- What is the student/faculty ratio, and how much supervision do the students receive?
- What are post-placement supervision visits?
