Most Popular Compliance Content
Unfamiliar Forms
11/17/2008
In the <a href="http://www.bankersonline.com/tools/respurchaserechecklist.pdf">residential purchase RE checklist</a> there is a CIP disclosure and Privacy Act Notice. We use Bankers Systems forms and I do not recall having seen these forms. Can you tell me what they are?
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?
Teller Cross Selling Training
11/17/2008
We would like to train our tellers on cross selling bank products. What are some compliance issues that the tellers need to be aware of when mentioning various products to customers?
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.
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?