Aug 29, 2024
Many banks appoint a “Reg O and W” Officer to monitor all these activities and assure compliance. This webinar will detail the many requirements of Regs O and W and provide tips to assure effective compliance management practices. We’ll talk about who the bank’s insiders and affiliates are and how to manage the many requirements.
Handling transactions with a bank’s insiders can be tricky business – there are several important regulatory requirements to be aware of, primarily Regulations O and W.
Regulation O addresses loans to insiders. Do you have a solid idea of who (and/or what) the bank’s insiders are? It can change frequently. Then you must deal with the myriad rules that apply when lending to them. Overdrafts, in particular, can be a thorny issue, and many banks have found themselves in trouble due to their practices.
Reg O: Who are the bank’s insiders? Detailed definitions
Handling the holding company and affiliate insiders
What is an “extension of credit” covered by Reg O?
“General” restrictions that apply to all insiders
More specific restrictions that apply to a smaller group of insiders
Recordkeeping and recommendations
Reg W: Who are the bank’s affiliates? Who is not?
What is a “covered transaction”?
Attribution and combination rules
Limitations on these types of transactions
Collateral restrictions
Prohibitions against low-quality assets
The “arms-length” rule
Who Should Attend
This interactive session will benefit anyone in the institution who needs to know the many rules that apply to transactions with insiders and affiliates, including compliance professionals, auditors, senior management, directors, holding company officers, and loan officers who may run across these types of transactions and need to know the rules.
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country.
Available Upgrades
12 Moths OnDemand Playback $120.00
12 Months OnDemand Playback + Digital Download $150.00
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380