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Governance and Regulatory Issues for Bank Directors and Officers

Date:Friday, November 22, 2019
Time: 1:00-2:30 pm EST

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $199.00

Registration - Live Webinar Plus CD Recording: $268.00

Gain insight into a state-of-the-art compliance system for financial institutions.

Today being a board member or senior officer at a financial institution is fraught with many different pressures. The need to maintain effective compliance with limited resources while products and services are changing in the banking industry presents a challenge.

The growing number of financial technology firms has put pressure on financial institutions to develop new products and services.

This topic is intended to define a state-of-the-art compliance system for financial institutions. We will discuss the fundamentals for compliance as well as ways to balance limited resources with effective outcomes.

This information will be critical to board members and officers as they develop plans for the future.

Learning Objectives:

  • You will be able to discuss the current status of the regulatory expectations for the Board and officers. There are basic components a good compliance system must have.
  • You will be able to explain what makes internal controls effective; including determining the proper level of resources and how the compliance program can ultimately protect against enforcement actions.
  • You will be able to identify current emphasis of the regulators and the trends that will impact the need for resources and development in the near term.
  • You will be able to review the compliance program and determine whether it is effective for your institution.

This Live Webinar Covers These Hot Issues:

Frontline Compliance Fundamentals

  • Introduction of the Speaker
  • Introduction to the Topic
    • Governance and Compliance Are Considered the Main Function and Focus of Board Members and Officers and Each Will Be Held Accountable in the Event of Malfeasance
    • Some of the Most Pressing Issues That Directors and Officers Will Face Include Potential Systemic Problems With BSA, UDAAP and Fair Lending
    • Despite the Fact That There Have Not Been Many Significant Changes in These Areas in Recent Years, the Interpretation of Compliance as Changed
    • While the Fundamentals Are the Same, the Way They Must Be Implemented Has Changed
  • Establish Internal Controls and Risk Appetites
  • Supervise Management
  • Engage in Periodic Monitoring
  • Challenge Information Presented
Basic Duties of Board and Officers Regulatory Expectations
  • On a High-Level Understanding Applicable Regulatory Scheme
  • Obtain Sufficient Evidence to Determine the Overall Performance of the Bank
  • Supervise Programs and Set Metrics for Results
  • Look for Unusual or Suspicious Trends
  • Training Is a Key Ingredient
BSA, UDAAP and Fair Lending
  • Ongoing Area of Enforcement Action
  • Especially True Where MSBS Are Involved
  • Areas of Compliance That Can Creep up and Surprise
  • Risk-Based Approaches to Compliance
Strategies for Compliance
  • Increasing Resources Internally
  • Outsourcing
  • Testing
  • Using Internal Audits Effectively
  • Components of an Effective Compliance Program
  • Making the Most of Limited Resources
  • Making the Compliance Program Fit the Institution

Credit Information (Sponsored by Lorman Education Services)

  • CLE
  • CPE

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.


James DeFrantz, CRCM, CAMS, J.D., Virtual Compliance Management

  • 30 years of experience in financial service regulatory compliance
  • Worked with money service businesses in the United States and internationally
  • Specialist in compliance in consumer and real estate lending
  • Served as a senior compliance examiner at the Federal Reserve Bank in San Francisco; as an analytical manager at the Office of Thrift Supervision; and as a commissioned national bank examiner at the Office of the Comptroller of the Currency (OCC)
  • He has a certificate from the Pacific Coast Banking School of bank management
  • Certified regulatory compliance management and certified anti-money laundering specialist
  • J.D. degree, University of San Francisco; B.A. degree, Dartmouth College

(Not available outside the US)