We have a Regulatory Compliance Committee that meets monthly. Consists of Dept Heads from Loan Admin, Loan Doc/Oper, Secondary Lending, Marketing, Retail & Training, Info Sec, Phy Sec, BSA/AML, Special Assets, CRA, Application/IT, Mortgage, and Dep Ops. The bank's Compliance Officer chairs the committee and a few members of the compliance staff attend.
Each Dept discusses what projects they have been working on, asks questions about upcoming reg/rule changes, or discusses any concerns they see for bank impact of those regs/rules or projects. This keeps the entire bank up to date on the goings-on of other depts and gives the Compliance Dept a chance to weigh in with questions or concerns in an open format.
We have also developed a matrix for RCC projects and is updated monthly with progress reports. They include reg changes, DFA stuff, major bank projects, M&A projects (the compliance pieces of M&A), audit/exam "correction opportunities", etc.
Both minutes and matrix are emailed to committee members prior to meeting for review.