ABA Risk and Compliance
 
 
 
 
January 24, 2020
Features
Risk Across the Enterprise
Midsize bank ERM/ORM professionals explore their growing roles in supporting their institutions’ growth.
PWCampbell
Handling the LIBOR transition in 3-steps.
DocuSign
Read how to efficiently update agreements with new benchmark options when LIBOR expires in 3 years. This brief arms you with intelligence, workflow, and automation steps to handle this transition.
Read the brief
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Risk and Compliance News
ARRC Seeks Feedback on Spread Adjustment Methodologies for Libor Transition
To help minimize any expected changes in the value of financial contracts that might result from a sudden reference rate shift, the Alternative Reference Rates Committee today sought public feedback on methodologies for calculating spread adjustments on financial products that reference the London Interbank Offered Rate.
Fed Official: No Near-Term Plans for Climate Risk Weights, Stress Tests
Amid greater attention by policymakers worldwide to financial risks associated with climate change, a senior Federal Reserve official said that the agency has no "near-term" plans to conduct climate stress tests or impose climate-related risk weighting on assets.
Basel: Shadow Banking Moderates in 2018
Bank-like activity by nonbanks that poses financial stability risks grew by 1.7% to total $50.9 trillion in 2018, according to the Basel, Switzerland-based Financial Stability Board.
Biz2Credit, Inc.
Quarles Outlines Plans to Improve Supervision Transparency, Due Process
Federal Reserve Vice Chairman for Supervision Randal Quarles has outlined several actions the agency is considering to increase the transparency of its supervisory activities and ensure due process for supervised institutions, acknowledging that the Fed has not "communicated as clearly as it should" with banks under its supervision.
ABA Addresses Crapo’s Concerns about Cannabis Banking Bill
After Senate Banking Committee Chairman Mike Crapo (R-Idaho) raised concerns last month about the ABA-supported SAFE Banking Act, ABA responded to those concerns and urged him to advance the SAFE Banking Act or similar legislation on cannabis banking this year.
Third Party Risk Management and the Consumer Financial Protection Bureau
OneTrust
To address the Bureau of Consumer Financial Protection (CFPB) third-party risk management guidance, organizations should understand the expectations as laid out in Compliance Bulletin and Policy Guidance; 2016-02, Service Providers.
In this blog post, we’ll outline the key details of the CFPB third-party risk management guidance and provide recommendations for actioning these obligations.
Click here
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Training

Jan. 26-29, 2020
Insurance Risk Management Forum
Omni La Costa Resort & Spa, Carlsbad, CA

Feb. 10-14, 2020
CRCM Exam Prep
Hyatt Regency, Reston, VA

Feb. 12, 2020
Webinar: Designing a Sustainable OFAC Program

Feb. 13, 2020
Webinar: Digital and Social Media Risk: Identifying & Mitigating Top Threats to your Digital and Social Media Channel

Mar. 25-27, 2020
Risk Management Conference
New Orleans Marriott, New Orleans, LA

Mar. 28 - Apr. 3, 2020
Compliance Schools
Hilton Tucson El Conquistador Hotel, Tucson, AZ

Jun. 7-10, 2020
Regulatory Compliance Conference
Gaylord National Convention Center and Hotel, National Harbor, MD

Oct. 5-9, 2020
Compliance School – Advanced
Emory Conference Center Hotel, Atlanta, GA