“Bank examiners confronted balance-sheet Armageddon when bad loans skyrocketed in the crisis. But their test in the relative calm of 2013 may be just as daunting for a different set of reasons.

“With most of the credit-quality issues have been worked through, regulators like Doreen Eberley are facing the difficult task of trying to divine banks’ next bit pitfall before it hits their bottom line.

“Eberley, who became director of the Federal Deposit Insurance Corp.’s division of risk management supervision in January , says the “fundamentals” of examining banks have not changed since the crisis. But if the real estate boom-and-bust cycle taught regulators anything, she said, it is that you cannot be satisfied with just a point-in-time assessment of a bank’s condition.”

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