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Regulatory agencies have increasing expectations regarding financial institutions’ compliance management systems (CMS). This Manual addresses
the importance and functions of a financial institution’s CMS and the role a CMS plays in controlling and mitigating an institution’s compliance,
transaction and other risks. SPM #10 discusses the various ways in which an institution may structure its CMS. The Manual also discusses a
methodology for conducting compliance risk assessments, which regulators are routinely demanding of the institutions they supervise. Additionally
SPM #10 includes a discussion of the elements of an effective compliance program, such as:
- Compliance policies and procedures;
- Compliance audits;
- Compliance training;
- Establishing a complaint management program; and
- Managing compliance examinations.
The Manual also highlights recent regulatory developments in several areas, including consumer and commercial lending, deposits and operations,
and corporate governance. The text of this Manual is 191 pages, plus 148 pages of appendixes.
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Compliance Companion
Compliance Companion® is a one-stop regulatory compliance resource for financial institutions.
This online compilation of 19 industry-leading compliance manuals, including this SPM #10, Compliance Management, takes the legalese out
of federal and California laws and regulations, making it easier to understand and keep up with ongoing compliance developments.
Published by Aldrich & Bonnefin, PLC, Compliance Companion® has many useful features including search capabilities, links to
internal cross-references and web-based sources, as well as samples of dozens of forms, disclosures and notices.
This compliance resource can also be accessed from your mobile device, making it faster and easier to get the latest information on federal and
California laws and regulations governing financial institutions.
For information regarding online subscriptions to Compliance Companion®, contact
info@bankerscompliancegroup.com or call 949-553-0909.
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