February 19, 2021

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February 19, 2021

Features

Initiating a Hemp Banking Program

The risk profile of the CBD business for banks may be compounded by a number of factors.

WHY YOUR BANK NEEDS A CMS

Regulators have been emphasizing the importance of a strong and effective Compliance Management System. This whitepaper will walk you through the basics of a CMS while offering practical advice on how to ensure your CMS supports your strategic goals.Takeaways include:

·A primer on CMS requirements

·4 key elements to prioritize when designing or updating a CMS

·7 CMS features that should align with your bank’s goal and structure

·Examples of failed CMSs and compliance controls

CLICK HERE TO DOWNLOAD AND LEARN ABOUT OUR CMS SOFTWARE

Risk and Compliance News

ABA Cautions Against Unilateral Efforts to Reform CRA in Letters to Fed, OCC

As the Federal Reserve contemplates updates to its Community Reinvestment Act regulations, the American Bankers Association emphasized the importance of working closely with the FDIC and OCC to "craft a modern regulatory framework that can be adopted by all three agencies."

The Federal Reserve has released the two hypothetical economic and financial market scenarios that it will use in the next round of the Comprehensive Capital Analysis and Review process for the nation’s largest financial institutions.

As banks prepare for the eventual cessation of the London Interbank Offered Rate, the OCC released a self-assessment tool for banks to evaluate their preparedness for transitioning away from Libor to an alternate reference rate, such as the Secured Overnight Financing Rate.

Using Artificial Intelligence to Make Sense of Mountains of Data

Regulators are largely embracing AI advancements.

ABA, SIFMA Weigh in on Reporting Changes for Government Securities Dealers

ABA and the Securities Industry and Financial Markets Association wrote to the Federal Reserve and the Office of Management and Budget offering support for the renewal of and proposed changes to reporting requirements for form FR 2004, which is used to collect information from government securities dealers.

Financial regulators—including the Federal Reserve—are moving to incorporate climate risk assessments in their supervisory activities, according to a new research letter by the Federal Reserve Bank of San Francisco.

Data Breach Response Ready

Your free go-to hub to help your business take those crucial first steps in preparing a customer first notification response. Data breach incidents unfortunately happen daily, across all businesses, all over the world. We created this hub especially for businesses to feel confident, secure, and prepared for a data breach. Whether your business is small, medium or large, we will partner to help you take proactive steps in all stages of a breach.

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Training

February 23
Webinar: COVID-19 Vaccination: What Bankers Need to Know

March 17 - 26
Virtual School: Compliance School - Intermediate

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

March 23 - 25
Virtual Conference: ABA Risk 2021

April 7 - 21
Virtual School: Compliance School - Foundational

April 12 - June 4
Facilitated Training: Managing Interest Rate Risk

April 14
Webinar: ABA Model Risk Management Webinar: Fundamentals of Model Risk Management

April 21
Webinar: ABA Model Risk Management Webinar: Validating Models