Material Loss Review of Signature Bank of New York

Emphasize to examiners in the form of training and other internal communications the requirements around timely escalation of supervisory concerns in line with the FDIC’s
forward-looking approach to supervision.

Reiterate to examiners requirements around prompt communication of risk and supervisory results to bank management, emphasizing the significance of prompt communication over linear or chronological issuance of supervisory products.

Reevaluate the FDIC's strategy to attract, retain, and allocate staffing, including how to enhance the supervision of large, complex financial institutions.

a. This evaluation should be documented and submitted to the FDIC’s Chairman for review and approval.

Implement target metrics and monitor variances for key supervisory outputs consistent with requirements contained in CEP Procedures, such as:

a. Supervisory Plan percentage completed to actual percentage completed to identify and take timely corrective action when examination teams are not on

track to achieve objectives detailed in annual supervisory plans.

b. Target review start date to actual review start date to identify and take timely corrective action when examination teams are not on track to achieve objectives

detailed in annual supervisory plans.

c. Number of days elapsed between target review start date and exit meeting to expectation to identify and take corrective action when reviews are not being completed and informal results communicated to the bank timely.

d. Number of days elapsed between target review start date and issuance of Supervisory Letter to expectation to identify and take corrective action when the results of reviews are not being completed and results communicated to the bank timely.

e. Number of days elapsed between year-end and ROE issuance to expectation to identify and take corrective action when ROEs are not being completed and

results communicated to the bank timely.

f. Number of days elapsed between quarter-end and issuance of Ongoing Monitoring Reports to expectations to identify and take corrective action when

ongoing monitoring is not being completed timely.