ABA Risk and Compliance
 
 
 
 
November 13, 2020
5 Tips for Writing Effective SARs
Nuance Communications Inc
Read "COVID-19 Fraud: How BSA and Fraud Professionals Can Increase Productivity” and learn best practices to report financial fraud, tips for writing effective SARs, and how banks can efficiently manage the increasing workload of reports.
Learn More
Advertisement
 
Features
COVID-19: A Positive Disruptor to Expected Credit Loss Models
The current murky picture delivered by traditional data has forced an increased focus on new methods that better capture credit risk.
When Can My Bank Cease Compliance with the Remittance Transfer Rule?
. . . and other questions from the ABA Regulatory Policy and Compliance Inbox for November/December 2020.
Asurity Technologies
Western Union Business Solutions
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
Advertisement
 
Risk and Compliance News
Joint Agency Paper Offers ‘Sound Practices’ for Operational Resilience
The Federal Reserve, the OCC and the FDIC have released an interagency paper outlining sound practices for strengthening operational resilience.
CFTC Finalizes ABA-Advocated Relief on Swap Clearing for BHCs, S&LHCs
The Commodity Futures Trading Commission today finalized a rule that exempts from clearing requirements certain swaps entered into by financial holding companies with less than $10 billion in assets.
FSB Flags Third-Party Risk in New Consultation Paper
The Financial Stability Board today issued a paper on outsourcing and third-party risk management.
Understanding Powers of Attorney to Protect Seniors
Americans don’t like to talk about money. But when a serious and sudden health event takes place, powers of attorney are a critical step to help families prepare for potential caregiving needs.
How Will Increased Privacy Regulation Affect Bank Marketing?
Privacy issues matter more than ever, especially in light of European and U.S. regulations regarding how consumer information can be aggregated, shared and used to market products and services.
Fusion Risk Management, Inc.
Task Force on Climate-Related Disclosure Issues 2020 Status Report
The Financial Stability Board’s Task Force on Climate-related Disclosure has "seen significant momentum around adoption of and support for its recommendations" for firms to develop more effective climate-related financial disclosures, according to its 2020 status report.
OCC: Pandemic, Low Rates Shape Risk Environment for Banks
The response to the coronavirus pandemic continues to shape the risk environment for banks, according to the OCC’s Semiannual Risk Perspective.
Data Breach Response Ready
Experian Partner Solutions®
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.
Be Response Ready®
Advertisement