What is the function of a bank examiner?

Question

to make sure banks are obeying laws and regulations

to carry on day-to-day functions within the bank

to oversee decisions about major loans by each bank

to respond to banks about their daily reports to the Fed

Answer 1

The primary function of a bank examiner is to make sure banks are obeying laws and regulations. Bank examiners review and assess the financial and operational practices of banks to ensure compliance with applicable laws and regulations, assess the safety and soundness of financial institutions, and protect consumers and the financial system.