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Banking Sector Compliance Risk Management

Cadwalader, Wickersham & Taft LLP

Business As Usual, October 2024 - OCC Releases 2025 Bank Supervision Operating Plan

The Office of the Comptroller of the Currency’s Committee on Bank Supervision sets the agency’s supervision objectives and priorities. On October 1, the Committee released the OCC’s Bank Supervision Operating Plan (the...more

Ankura

Banking as a Service: How Strong Is Your Financial Crime Compliance Partnership?

Ankura on

The growth in partnerships between banks and Fintech companies through Banking as a Service (BaaS) models presents significant opportunities for innovation across the financial services sector. However, these collaborations...more

Barnea Jaffa Lande & Co.

Israeli Capital Market, Insurance and Savings Authority Issues New and Revised Circulars

The emerging risks in the financial services market and the inception of the Regulation of Payment Services and Payment Initiation Law prompted the Capital Market, Insurance and Savings Authority (CMISA) to amend a series of...more

Goodwin

Supervisory Experience and Enforcement Actions Continue to Drive Supervisory Priorities and Policy Development

Goodwin on

This article identifies themes we have observed in recent public formal enforcement actions issued to institutions by the US federal bank regulatory agencies (Agencies) — the Board of Governors of the Federal Reserve System...more

Nutter McClennen & Fish LLP

Nutter Bank Report: July 2024

The federal banking agencies have published joint guidance for banks about risks posed by fintech companies and other third parties to deliver bank deposit products and services. The joint guidance issued on July 30...more

Venable LLP

Federal Banking Agencies Highlight Bank-Fintech Partnership Risks and Invite Comment

Venable LLP on

On July 25, 2024, the federal banking agencies issued a joint statement flagging potential risks in bank-fintech arrangements, along with a request for public information (RFI) on the benefits, risks, and risk management...more

Goodwin

ESA Publications on Digital Operational Resilience: A Reminder That DORA is Less Than Six Months Away and Will Apply to US and UK...

Goodwin on

The publication by the Joint Committee of the European Supervisory Authorities (ESAs) on (a) 17 July 2024 of the second batch of implementing materials and (b) 26 July 2024 of the sub-contracting of information and...more

Sheppard Mullin Richter & Hampton LLP

South Dakota Lenders on Tight Deadline for BSA/AML Compliance

On January 12, South Dakota’s Division of Banking issued a mandate setting March 31, 2024 as the deadline for all South Dakota licensed money lenders and non-residential mortgage brokers to comply with their Bank Secrecy...more

American Conference Institute (ACI)

[Event] 29th Annual Flagship Conference on Regulatory Compliance for Financial Institutions - November 21st - 22nd, Toronto, ON,...

Don’t miss the opportunity to gain valuable insights from industry experts at Canadian Institute’s Annual Flagship Conference on Regulatory Compliance for Financial Institutions. This event will equip you with strategies to...more

A&O Shearman

Regulatory monitoring Newsletter - September 2023

A&O Shearman on

Our monthly regulatory newsletter monitors all relevant developments regarding German and European regulatory law in English language. In addition, we prepare an overview of articles and court decisions published in...more

Moore & Van Allen PLLC

The Federal Reserve, FDIC and OCC Issue Final Guidance on Risk Management in Third-Party Relationships: Moore & Van Allen

On June 6, 2023, the Board of Governors of the Federal Reserve System (the Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC, and collectively with the...more

Holland & Knight LLP

Nueva guía de la Superintendencia de Sociedades de Colombia sobre presentación de Informe 58

Holland & Knight LLP on

La Superintendencia de Sociedades de Colombia expidió una guía práctica para el diligenciamiento del Informe 58 en relación con los oficiales de cumplimiento en materia de Sistema de Autocontrol y Gestión del Riesgo Integral...more

Mitratech Holdings, Inc

[Webinar] Expert Perspectives: Implementing DORA, Mastering the Challenges and Opportunities - May 17th, 9:00 am ET

DORA is set to transform how European based Financial Institutions enhance the operational resilience of their critical business processes. With an implementation date of 17th January 2025 the evolving nature of the...more

J.S. Held

Risky Business: How Fintech Firms Can Build Better AML and Sanctions Risk Assessments

J.S. Held on

The year 2023 promises to be exciting for Fintech. On the upside, the web 3.0 economy is poised for significant growth as decentralization favors creatives and community with its lower costs and lower barriers to entry...more

Oberheiden P.C.

Financial Crimes Compliance

Oberheiden P.C. on

Many businesses and businesspeople are exposed to potential legal liability for a wide variety of financial crimes. Minimizing financial crime risk or exposure is critical and requires strict compliance with the state and...more

Venable LLP

Marijuana Banking in 2022: Lessons Learned and Best Practices

Venable LLP on

​​​​​​​As we pass the halfway mark of 2022, it's a good time to reflect on what has happened, or not happened, with respect to the legal framework for the provision of financial services to marijuana-related businesses...more

StoneTurn

No One Wants a Monitor, But… Part 3: Lessons Learned from Monitorships

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What was it like to be at one of the world’s largest companies while it was subject to a monitor? In this episode, Cindy Moehring highlights some of the key lessons learned from working with a monitor, and taps into Michele...more

StoneTurn

No One Wants a Monitor, But… Part 2: Working with a Monitor

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Monitorship: a term typically met with fear, but it doesn’t have to be. What’s at stake when a monitor comes on board? Are there global considerations at play? Cindy Moerhing, Michele Edwards and Emilia Drozda highlight keys...more

StoneTurn

No One Wants a Monitor, But… Part 1: The Landscape

StoneTurn on

As the regulatory landscape changes across the globe, how will monitorships fit into the puzzle? In this episode, Cindy Moehring, former Chief Ethics and Compliance Officer (U.S.) for Walmart, sits down with StoneTurn’s...more

StoneTurn

CFPB and Dodd Frank: What FinTechs Need to Know

StoneTurn on

The Fintech industry has been experiencing rapid growth in recent years, and it is not surprising that this level of growth generates a lot of attention from regulators. Fair or unfair, Fintech firms have been scrutinized as...more

Mitratech Holdings, Inc

OCC Puts Quantitative Models in Scope for Regulatory Compliance

Mitratech Holdings, Inc on

The US Office of the Comptroller of the Currency (OCC), a primary US banking regulator, has recently published its Model Risk Management (MRM) Handbook. It details how the OCC expects its chartered banks to manage their MRM...more

Eversheds Sutherland (US) LLP

Federal Banking Regulators Shine Light Again on Third-Party Risk Management

Federal banking regulators have again demonstrated their focus on bank oversight and management of risk from third party relationships through a series of guidance and proposed guidance published in the third quarter of 2021....more

American Conference Institute (ACI)

[Virtual Conference] Regulatory Compliance for Financial Institutions - November 23rd - 24th, 8:45 am - 5:00 pm EST

ACI’s 27th Annual Flagship Conference on Regulatory Compliance for Financial Institutions will take place virtually on November 23 – 24, 2021 (EST). Join regulators and industry peers for a series of in-depth discussions...more

American Conference Institute (ACI)

[Complimentary Webinar] Mitigating Sanctions and Export Control Risks for Life Sciences, Research Institutes and Universities -...

Global life sciences companies, research institutes, and universities face unique challenges when complying with U.S. and non-U.S. trade control laws, including complying with general and specific licenses authorizing...more

American Conference Institute (ACI)

[Event] 15th Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - December 7th - 8th, Washington, DC

LIVE and IN-PERSON ACI’s Flagship Conference in December! ACI’s 15th Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance is North America’s largest and most comprehensive conference on economic...more

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