A Q&A with ABA SVP Ryan Rasske on the latest professional development and technology trends shaping the compliance function.

Regulatory guidance wants models that can be challenged. But when artificial intelligence turns a model into a black box, how can bankers manage model risk?

With Libor’s future uncertain, here are some steps for assessing risk, amending contracts and selecting new rates.

Comptroller of the Currency Joseph Otting expressed his positive view of banks’ efforts to comply with anti-money laundering regulations.

Regulatory agencies will expect banks to conduct thorough due diligence on the reference rates they use, but the Secured Overnight Financing Rate recommended as a replacement for the London Interbank Offered Rate has already undergone that due diligence, Federal Reserve Vice Chairman for Supervision Randal Quarles said recently.

More than three-quarters of financial institutions will gather data from five or more years back as they prepare to implement the Current Expected Credit Loss standard.

ABA, its transaction banking subsidiary BAFT and other industry trade associations urged the Consumer Financial Protection Bureau to continue permitting depository institutions to provide estimates of pricing information in remittance transfer disclosures where the exact amounts cannot reasonably be determined.

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

April 30, 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