Documenting ongoing compliance planning and implementation is now even more critical. Under the agencies' new examination approach (required by the 2010 Interagency Appraisal and Evaluation Guidelines), Safety and Soundness examiners first establish a compliance risk profile that reflects the quality of the bank's compliance management system. SAMCO Appraisal Management Company's annual service agreement details the compliance with the new required regulations. In developing your own detailed internal control plan, this is invaluable.
