PREPARATION IS KEY TO A SMOOTH FDICIA ADOPTION, AND DEVELOPING YOUR ROADMAP EARLY IS PIVOTAL TO YOUR SUCCESS. some best practices they can use in evaluating the status of their internal controls implementation. With the expiration of the FDICIA relief provided by the regulators, many banks will be subject to compliance with the requirements of one of these FDICIA thresholds in the upcoming years. A proactive approach with constant monitoring and communication between all parties is a must. To assist with the oversight, we recommend developing a roadmap with milestones to monitor and stay on track for a successful adoption. The roadmap below shows when the more significant requirements of the $1 billion threshold will first apply. Scan the QR code for any questions about the FDICIA implementation roadmap and related requirements, as well as more valuable insights from our trusted advisors. www.plantemoran.com/ industries/financial-services/ banks?utm_source=qrcode&utm_ medium=association&utm_ campaign=PEN-FSG-2024_ICBC INDEPENDENT REPORT | 25
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