Banks must adhere to numerous rules and regulations to detect, deter and report financial crime. From the Bank Secrecy Act to the numerous other anti-money laundering laws passed over the past three decades, ensuring compliance in this area is a top priority of any financial institution.

As the implementation date for Current Expected Credit Loss (CECL) draws near, discussions about the implications of the new loan impairment standard will inevitably move into the boardroom.

The Financial Accounting Standards Board declined to make changes to its current expected credit loss model, as proposed by a group of regional banks, speeding CECL on its path to being implemented for SEC registrants as scheduled in 2020.

Regulatory agencies are focused on the growth of credit risk outside the banking industry, according to remarks by Morris Morgan, senior deputy comptroller and COO at the OCC, at this week's ABA Washington Summit.

The FDIC board approved two proposals to resolve workability issues with its deposit insurance regulations. The first proposal would amend Part 370 of the FDIC’s regulations for "recordkeeping for timely deposit insurance determination." The agency also approved changes to Part 330 of the its regulations o update the requirements for verifying participants in joint deposit accounts.

While noting that it appreciates the bank regulators’ intent in their recent proposal to raise the thresholds at which bank directors or other management officials are prohibited from serving at more than one depository institution or holding company—and expressing support for an inflation-indexed increase in the thresholds—ABA has cautioned against an arbitrary asset threshold for defining a community bank.

Regulatory compliance in the banking world has become much more complicated in the latter half of this decade than ever before. In these post-Dodd-Frank years, it seems more important than ever to pay attention to the tea leaves. What will the important regulatory issues be in 2019?

With the Current Expected Credit Loss standard for loan loss accounting coming into effect for many banks—and the vast majority of bank assets—on Jan. 1, 2020, where are bank CFOs and managers in the process of implementing CECL, and what challenges are they seeing?

April 7-9, 2019
Risk Management Conference
Fairmont Austin, Austin, TX

April 10, 2019
Webinar: Private Flood Insurance Acceptance – Implementing the Final Rule

April 11, 2019
Webinar: Risk Assessment 101 for Community and Midsize Banks

April 23, 2019
Webinar: Fraud Detection in the Evolving World of Technology

April 11, 2019
Webinar: Protecting Older Customers: Internal Controls and External Outreach Strategies 

June 3, 2019
Application deadline for August CRCM Exam

June 9-12, 2019
Regulatory Compliance Conference
Hyatt Regency New Orleans, New Orleans, LA

October 5-11, 2019 
Compliance School – Foundational
Emory Conference Center Hotel, Atlanta, GA

October 7-11, 2019 
Compliance School – Advanced
Emory Conference Center Hotel, Atlanta, GA