Definition:
A "bank examination" is a formal review of a bank's activities and records conducted by government officials. These officials are called bank examiners, and they check to make sure the bank is following laws and regulations, and is financially healthy.
In more advanced discussions, you might encounter phrases like "regulatory compliance" or "financial audits" that relate to bank examinations. You can also discuss the implications of a bank examination, such as its effect on a bank’s reputation or operations.
While "bank examination" specifically refers to the review of a bank, the word "examination" on its own can refer to any type of testing or assessment, such as a school exam.
There aren't specific idioms or phrasal verbs that directly relate to "bank examination," but you might hear related phrases like: - "Pass with flying colors": To succeed in a test or examination, which can relate to a bank examination if the bank is found to be in good standing. - "Under the microscope": This means being closely examined or scrutinized, similar to how a bank would be during a bank examination.