Regulatory Compliance for Deposits
Product ID : JUST-0001
Level : Intermediate
Duration : 60 Minutes
Justin brings over 20 years of wide-ranging experience in compliance, training, and regulation in the financial services sector. Most recently, he served as Head of Compliance Training at Bank of China where he led the compliance training function and created and monitored the annual training plan through a thorough training needs analysis. Previously he served as 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.
Regulators have become even more focused to ensure financial institutions are operating with the consumer in mind. This has been an area of focus during examinations over the last few years.
Understanding the regulatory compliance for deposits is important for anyone dealing in bank compliance. During this webinar, we will explore consumer compliance regulations for deposits in our current regulatory climate and the impact they have on institutions and clients.
- Regulation D: Reserve Requirements
- Regulation DD: Truth in Savings Act
- Regulation CC: Funds Availability Act
- Regulation E: Electronic Funds Transfer Act
Course Level - Fundamental, Basic to Intermediate
Who Should Attend
Compliance & Legal Officers in the banking sector
Why Should You Attend
With the increased scrutiny of examiners and regulators, it is extremely important for financial institutions to increase their oversight efforts regarding 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 regulations that impact deposits and take the necessary precautions in advance.