Can a person borrow from his IRA (Roth) or take any amount of monies out after the five year period?
Can a custodian of a minor's account borrow money against that account? Doesn't the money belong to the minor?
Can municipals be pledged to our sweep accounts? If not, what regulation prohibits that? I can’t seem to find a definite answer on what is allowed to be pledged towards these accounts.
If a customer uses an account that he or she has set up with a POD beneficiary as collateral for a loan is there a disclosure that the POD needs to sign?
Among credit risk, market risk and operational risk, developing a good operational risk management program seems to be the most challenging. Can't our existing compliance processes (e.g., AML, Red Flags, GLBA, etc.) contribute to operational risk management?
How is the fair value of collateral dependent loans calculated under FAS 114?
Our regulators have requested that our bank more clearly define and document its credit policies. What should be included?
How should a bank go about setting up a monitoring program for concentrations of credit? What information are should we look for, what types of concentrations should we monitor?
What is the best way to estimate risk? Do we take controls into consideration?
Please help me understand the ramifications and restrictions of the following endorsement. A check is presented to a teller for negotiation and the check is payable to Jane Doe and Big Bank, USA. Big Bank, USA stamps the back of the check with "Pay to the order of named Payee without recourse" followed by a signature line for a designated person from the bank to sign (which they have). Exactly what does the "without recourse" statement mean? Is "Big Bank, USA" signing the check over to the payee "without recourse" to them (the payee) or to the negotiating bank, or does the "without recourse" mean that the negotiating bank has no recourse against the business that stamped the check?