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This program presents the history and drivers that influence the U.S. banking industry. We begin with a review of the significant events impacting banking and the regulations that were enacted in response. The program focus shifts to the present day to examine, in greater detail, the causes of each event and the resulting effect on individual banking business, their clients and the economy. The program concludes with an examination of the impact of the USA PATRIOT Act.
| Topics include: |
• Bank Secrecy Act
• EDGE Act
• Federal Reserve Regulations |
• Responsibilities of the OCC
• Role of the FDIC
• State Regulations |
| Benefits of attendance: |
• Appreciate the need Know You Customer
• Broadened knowledge of FRB role
• Differentiate between types of banks |
• Explore focus of bank audits
• Review impact of Check 21
• Understand financial recordkeeping |
| Staff from the following areas should attend: |
• Administration
• Banking
• Call Center |
• Compliance
• Information Technology
• Internal Audit |
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