Regulatory Compliance on Deposits
Justin brings over 25 years of wide-arranging experience in compliance, training and regulations. Most recently, he co-founded a virtual compliance training firm called tweezzle. He has also served as compliance consultant (for TD Bank, Wells Fargo, USAA), Head of North American Compliance training operations for GRC, Head of Compliance Training at Bank of China, Macquarie Group’s Head of Americas Compliance Training and JPMorgan Chase’s Compliance Training Manager. Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function.
During this session, we will explore consumer compliance regulations for deposits in our current regulatory climate and the impact they have on institutions and clients. Specifically, we will go over the following regulations:
- Regulation D: Reserve Requirements
- Regulation DD: Truth in Savings Act
- Regulation CC: Funds Availability Act
- Regulation E: Electronic Funds Transfer Act
Areas Covered
- Necessary plan updates to comply
- General regulatory review
- Business continuity implications
- Lessons learned from breaches
Course Level - All
Who Should Attend
- Anyone in corporate
Why Should Attend
With the increased scrutiny of examiners and regulators, it is extremely important for financial institutions to increase their oversight efforts in regards to regulatory compliance for deposit related regulations. A lack of compliance can result in increased risk exposure for financial institutions trying to protect their consumers. The negative results can not only hurt a financial institutions reputation, but also their financial results.
It’s important more than ever to understand the impact of the regulations that impact deposits and take the necessary precautions in advance as opposed to being reactive after an issue occurs.
Topic Background
Regulators have become more focused than ever to ensure financial institutions are operating with the consumer in mind. This has been an area of focus during examinations over the past year and will continue with the political environment in mind.
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$200.00
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