The Anatomy of Compliance Research - Rebekah Leonard - 2023
Recorded on January 12, 2023.
Have you completed this webinar? Please tell us what you think.
USC. CFR. OSC. NPRM. FR. CFPB. FRB. FFIEC. WTH?
All of these acronyms are relevant to good compliance research. Do you know what each one means? Or, in so trying, do you just want to exclaim the last one? Been there.
Banking law is complicated, and we aren’t attorneys. Moreover, Congress is the source of every Federal rule we all must follow – in all their fickle and political glory – so no wonder things get challenging!
However, we do need to understand how a bill is passed into law, and how the law applies to the regulations we must follow in our banks. Some laws don’t even have a regulation – we just have to dig right into the law itself to figure things out!
This webinar will start with a civics lesson on how laws are born, and progress through the hierarchy of legislation, rulemaking authority, regulatory agencies, and more. We’ll dive into to law and regulatory structure and organization, to de-mystify all those confusing numbers, letters and strings of paragraph-charactered gobbledygook.
Why? Because it is crucial to understand how to “read” a regulatory citation, in order to apply it correctly in real-world scenarios. Such understanding provides the all-important context for deciphering the rules to get things right in your shop.
After channeling our best rendition of Schoolhouse Rock’s “I’m Just a Bill”, we’ll progress to regulatory agency action and the fascinating sausage-making process of promulgating a final rule. (Oh yes, you’ll be able to throw around the big words too when you’re done!) We’ll explore the Federal Register, why you care about it, and the treasure trove of back-story information it provides. We’ll even talk about how you, dear Compliance Officer, can impact the final rule!
Finally, armed with all that knowledge, we’ll get into the practical matter of researching and finding actual compliance answers. We have the privilege of working in the digital age and can harness a wealth of free resources and tools. Some resources are better than others, so learning what tool to use in any given situation is vital.
All this is just one fun-filled hour!
What you’ll gain from attending this webinar:
All of this information will be presented from the perspective and real-life experience of a veteran compliance pro (25 years!) who, like you, is currently working in the trenches of her bank as the voice of compliance, and researching this stuff every.single.day.
WHO SHOULD ATTEND:
Compliance staff, deposit and loan compliance professionals, policy makers, and audit staff.
Questions and Answers