DEFINITION of 'General Examination'

A regulatory measure set up to give a detailed examination of all aspects of a bank. The examination is conducted by the governing body of different levels of banks. For example, the state banking regulators would provide an overview of all state-run banking institutions.

BREAKING DOWN 'General Examination'

This examination is generally conducted every two years. The person/persons conducting the exam will take an in-depth look focusing a lot of time on the banks financial statements, and interviewing staff and managers on policies and procedures. They are looking for descrepancies, as well as the overall health of the financial institution.

RELATED TERMS
  1. Bank Examination

    An evaluation of the safety and soundness of a bank. The primary ...
  2. Conduct Costs

    Conduct costs are any payments made by a bank in the settlement ...
  3. Compliance Examination

    A periodic examination of banks to make sure banks are operating ...
  4. Bank

    A financial institution licensed as a receiver of deposits. There ...
  5. State Bank

    A financial institution that has been chartered by a state to ...
  6. Universal Banking

    A banking system in which banks provide a wide variety of financial ...
Related Articles
  1. Financial Advisor

    Is Greater Oversight of RIAs Coming?

    RIAs may be entering an era of greater oversight by the Securities and Exchange Commission. Here's why.
  2. Investing

    Introduction To The Chinese Banking System

    As China steps into a greater role in the global economic system, their banking system continues to evolve.
  3. Personal Finance

    Retail Banking Vs. Corporate Banking

    Retail banking is the visible face of banking to the general public. Corporate banking, also known as business banking, refers to the aspect of banking that deals with corporate customers.
  4. Insights

    What Do the Federal Reserve Banks Do?

    These 12 regional banks are involved with four general tasks: formulate monetary policy, supervise financial institutions, facilitate government policy and provide payment services.
  5. Insights

    The World's Top 10 Banks

    Learn more about the world's largest banks and how more financial power shifts eastward as China is home to four of the world's largest banks.
  6. Insights

    Why Is Liquidity Important?

    Learn more on why liquidity is important to consider when examining a stock, next to its share price.
  7. Insights

    Why Don’t Regulators Check All Financial Professionals?

    Reports indicate that there is a growing need for increased supervision of brokers.
  8. Investing

    What's a Correspondent Bank?

    A correspondent bank is a bank that acts on behalf of another bank, usually a foreign bank.
  9. Investing

    How Do Financial Regulations Affect Smaller Banks?

    Not to big to fail? We explain how US financial regulations affect smaller banks.
RELATED FAQS
  1. What is the maximum amount of time that can elapse between CFA examinations?

    According to the CFA Institute, a candidate can take as much time as necessary between examinations. Therefore, if you passed ... Read Answer >>
  2. Do I have to complete all exams within a certain period of time to receive the CFA ...

    According to the CFA Institute, a candidate can take as much time as necessary to complete all three levels of the CFA program.Therefore, ... Read Answer >>
  3. Can a company be state-run and publicly traded at the same time?

    A state-run company or enterprise cannot be publicly traded in the U.S. However, it is possible to purchase shares of state-run ... Read Answer >>
  4. How can I withdraw from my CFA Level 1 exam?

    According to the CFA Institute, a CFA Level 1 candidate can withdraw from his or her current CFA examination (no later than ... Read Answer >>
  5. How many attempts at each CFA exam is a candidate permitted?

    The CFA Institute allows an individual an unlimited amount of attempts at each examination.Although you can attempt the examination ... Read Answer >>
  6. How do I become a CFA charterholder?

    The CFA Institute requires individuals to satisfy a number of steps to become CFA charterholders.The most widely known requirement ... Read Answer >>
Trading Center