Skip to content

Focus For Examiners In 1994

At a session titled 'The Board's Role In Compliance' at the Independent Bankers Association of America Conference in Orlando in February, banking attorney Martin Lowy said that financial institutions should focus on three points for examinations. They are:
The Compliance Plan
Compliance oversight mechanics
Recordkeeping

Compliance officers should concentrate on four key areas, according to Mr. Lowy. He stated that, in his opinion, The most critical is Regulation O, closely followed by insider transactions.

The third area is fair lending, and the fourth is Community Reinvestment. "Whatever CRA was last year, it won't be next year," he said. "...and I've not talked to anybody who likes the changes proposed."

Copyright © 1994 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 4, No. 9, 3/94

First published on 03/01/1994

Filed under: 
Filed under compliance as: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics