AABD Asks the Banking Agency Inspectors General to Respond to AABD Recommendations in its Material Loss Review Report

The American Association of Bank Directors has requested the Inspectors General of the FDIC, Treasury and Board of Governors of the Federal Reserve System to consider adoption of AABD's recommendations to improve the accuracy of the Material Loss Reviews that they conduct for closed banks.  AABD advised the IGs that it welcomes their comments and has promised to attach their comments to AABD's report on MLRs.