Washington, D.C.—The Conference of State Bank Supervisors (CSBS) announced that the Oregon Division of Finance and Corporate Securities (the Division) has received a certificate of accreditation, verifying that the Division maintains the highest standards and practices in state banking supervision set by the CSBS Accreditation Program. This latest accreditation is the Division’s fifth consecutive five-year accreditation.
“I’m very pleased the Division has received reaccreditation,” said David Tatman, Administrator of the Oregon Division of Finance and Corporate Securities. “As the local economy continues its recovery and state banks progressively move in a positive direction, this reaccreditation demonstrates that the Division remains committed to ensuring the safety and soundness of our financial institutions and this will continue to be our top priority.”
John W. Ryan, President and CEO of CSBS, congratulated Tatman and the Division for achieving reaccreditation. “As a recipient of the CSBS certificate of accreditation, the Oregon Division of Finance and Corporate Securities has voluntarily put itself through a rigorous review process and demonstrated that it is committed to achieving the highest standards of state supervision.”
The CSBS Accreditation Program involves a comprehensive review of the critical elements that assure a banking department's ability to discharge its responsibilities. This is done through an investigation of all department operations including, administration and finance, personnel, training, examination, supervision, and legislative powers. The high standards set by the Accreditation Program supports CSBS public interest goals by encouraging state banking departments to enhance their capability to promote safe and sound banking with a minimum of regulatory burden and cost, and by identifying highly competent state banking departments. The CSBS accreditation seeks to strengthen state banking departments and to demonstrate the high quality of state banking departments to the general public, the federal banking agencies, Congress, and other state banking departments.
For more information on the CSBS Accreditation Program please visit click here.