Audit

Supervisory Review

An evaluation by supervisory authorities to ensure that financial institutions and other regulated entities are operating in compliance with regulations.

Supervisory review is a process where regulatory bodies assess the compliance of regulated entities with established financial and operational regulations.

This review often involves the examination of internal policies, procedures, and controls to determine whether they are adequate to manage risks and comply with legal requirements. The findings of supervisory reviews can influence the regulatory actions taken against an entity.

Supervisory reviews can be scheduled periodically or triggered by specific events, such as changes in the regulatory environment or concerns about an entity's operations.

Related Terms

Regulatory Examination

A thorough review conducted by regulatory authorities to assess an organization's compliance with laws and regulations.

On-Site Inspection

An in-person examination conducted by regulatory or supervisory authorities at the premises of an organization to verify compliance.

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