ABA Risk and Compliance
 
 
 
 
March 18, 2022
Features
The Role of Bank Risk Professionals in the ESG Agenda
Enterprise risk management brings value by aligning all the pieces of the ESG puzzle and developing a holistic and cohesive approach.
Asurity Technologies
International Monetary Fund
WHY YOUR BANK NEEDS A CMS
Ncontracts
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
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Risk and Compliance News
CFPB to Increase Fair Lending, UDAAP Supervision
The CFPB has signaled its intention to ramp up supervision activity around fair lending laws and unfair, deceptive and abusive acts and practices.
OCC’s Hsu Says Crypto Education Urgently Needed
Acting Comptroller of the Currency Michael Hsu told the Financial Literacy and Education Commission that there is "an urgent need for improved crypto literacy and education."
FinCEN Takes Additional Steps to Hinder Sanctioned Russian Elites
The Financial Crimes Enforcement Network has issued an alert reminding financial institutions of the importance of identifying and quickly reporting suspicious transactions in connection with sanctioned Russian elites and their families.
Alternative Data: Will the Rewards Outweigh the Risks?
Unstructured data, in its purest form, must be cleaned, prepared and analyzed before it adds value or provides insights
Abrigo
Winnow Solutions, LLC
CFPB Encourages Servicer Participation in Federal Homeowner Assistance Program
In a recent blog post, the CFPB said it "strongly encourages" servers to participate in programs related to the Homeowner Assistance Fund.
SEC Issues Proposal on Cyber Risk Management, Incident Reporting
A new proposal by the Securities and Exchange Commission today would create new requirements for public companies regarding the disclosure of cybersecurity incidents.
CISA Deputy Director Says No Uptick in Cyberattacks, Urges Banks to Report Suspicious Activity
Cybersecurity and Infrastructure Security Agency Deputy Director Nitin Natarajan told bankers at ABA’s Washington Summit that the U.S. financial sector is not seeing any rise in cyberattacks from Russia, but urged bankers to report any suspicions of cyberattacks.
Crisis Response Management: Decoded
Experian Partner Solutions®
In an age of infinite information where a company’s reputation can be destroyed in as little as 140 characters, it may seem difficult to bounce back from a crisis, but it is possible. Businesses that are prepared for natural disasters or other incidents can protect themselves from serious financial losses, and keep their reputation and customer loyalty intact, if they have the right tools.
Download this e-book to explore
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Training

March 21 - April 22
Facilitated Training: Managing the Bank's Investment Portfolio

March 22
Webinar: Underwrite, Over Deliver: Finding the Gems in Your Customer Base

March 23
Webinar: Economic Sanctions Against Russia: What Banks Need to Know

March 23
Webinar: ESG Regulation Is Coming — Is Your Bank Ready?

March 23 - April 6
Virtual School: Compliance School – Foundational

March 29 - 31
Virtual Conference: Risk 2022

March 31
Webinar: Digital Accessibility: Equity, Inclusion, and the Bank’s Bottom Line

April 11 - June 13
Facilitated Training: Managing Interest Rate Risk

April 27 - May 6
Virtual School: Compliance School – Intermediate