Compliance teams want powerful, compelling and even award-winning advertising because when you have that, everyone benefits.

The FDIC and Federal Reserve have finalized guidance for the resolution plans submitted by certain foreign banking organizations starting with the 2021 round of "living wills."

By a bipartisan vote of 335 to 78, the U.S. House of Representatives passed the National Defense Authorization Act for fiscal year 2021, a bill that includes several critical improvements to anti-money laundering rules. Among other things, the bill directs the Financial Crimes Enforcement Network to establish and maintain a national registry of beneficial ownership information that banks may in turn rely on when complying with customer due diligence requirements.

In response to feedback from banks and fintech providers, the Federal Reserve, working with other financial regulatory agencies, is developing a fintech vendor due diligence guide for community banks, that would provide specific information about the documents and information they need to successfully complete their due diligence obligations, according to Federal Reserve Governor Michelle Bowman.

The administrator of the London Interbank Offered Rate has made what was expected, official: The widely used benchmark will cease publication, with certain Libor tenors ceasing as soon as the end of 2021.

When asked about threats specifically targeting banks, Federal Bureau of Investigation Director Christopher Wray urged banks to be wary of "cyber criminals targeting the vulnerabilities in third-party services" as a way in to financial institution data.

ABA joined three other banking and finance trade groups in a letter to the Federal Reserve in response to recent updates and clarifications to the list of firms supervised by its Large Institution Supervision Coordinating Committee.

December 14
Webinar: The Changing Face of Risk and Compliance Management

2021
January 25 - February 26
Facilitated Training: Managing Funding, Liquidity and Capital

March 17-26
Virtual School: Compliance School - Intermediate

March 22 - April 23
Facilitated Training: Managing the Bank's Investment Portfolio