Most Popular Compliance Content
Collateral & Purpose Codes
11/17/2008
We are reviewing our collateral and purpose codes. Are the codes standardized in the industry or are we free to create our own? Do they flow to the call report?
About Information Gathering Methods
11/14/2008
Can you explain the various information gathering methodsused to assess risk? For example, we are currently utilizing a risk-basedquestionnaire divided into three sections: (1) Industry-based risk - in this casefor a trust company; (2) Systemic risk - risk faced by all corporate entities suchas attrition, and human resource issues; and, (3) Organizational risk - risk uniqueto the company's business plan. With the aforementioned questionnaire, wehave key stakeholders throughout the company completing the checklistassessing key risk areas by assigning a value based on probability of occurrence(low to high, e.g. 1-5), the impact should the risk occur, and a set of five key riskareas, compliance risk, reputation risk, strategic risk, etc.
Compliance Info for Emailed DDA/SAV Statements
11/10/2008
Where can I get information on compliance related to emailed DDA/SAV statements? We need to know if the customer has to pick up the email in a certain number of days.
Notify Regulator of Cut Off Time Change?
11/10/2008
Does a bank have to notify their regulator (FDIC) if they plan on changing their cut off time?
Tiered Rate Checking Account APY Disclosures
11/10/2008
We are introducing a tiered rate checking account and I am clear on what needs to be included in disclosures, but do I have to disclose different APYs on the statements or can I use a blended APY?