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Compliance Companion®
Standard Procedures Manuals (SPM)

Compliance Management July 2021

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 reputation 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
  • Managing compliance examinations

The Manual also provides a summary of recent regulatory developments since November 2019 in several areas, including consumer and commercial lending, deposits and operations, and corporate governance. The text of this Manual is 242 pages, plus 144 pages of appendices.



Compliance Companion

Compliance Companion® is a one-stop regulatory compliance resource for financial institutions. This online compilation of 19 industry-leading BCG compliance manuals takes the legalese out of federal and California laws and regulations, making them 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 or call 949-553-0909.

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* Janet Bonnefin is retired from the practice of law with the firm.
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