FDIC Announces Availability of Educational Videos

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On April 3, the Federal Deposit Insurance Corporation (FDIC) announced the release of the first in a series of technical assistance videos to provide useful information to bank directors, officers and employees on areas of supervisory focus and proposed regulatory changes.

The first installment of six videos is designed to provide new bank directors with information to prepare them for their important fiduciary role. Three of the videos address the roles and responsibilities of a director and the other three videos provide information about the FDIC’s Risk Management and Compliance Examination processes.

A second installment, to be released by June 30, 2013, is a virtual version of the FDIC’s Directors’ College Program that regional offices deliver throughout the year. The initial curriculum will consist of six modules covering interest rate risk, third-party relationships, corporate governance, the Community Reinvestment Act, information technology and the Bank Secrecy Act.

A third installment, to be released by year-end, will provide virtual technical training for bank officers and employees. These videos will provide more in-depth coverage of important supervisory topics and focus on management’s responsibilities. The training program will include Fair Lending, appraisals and evaluations, interest rate risk, troubled debt restructurings, the allowance for loan and lease losses, evaluation of municipal securities and flood insurance.

The videos and additional information are available here.

 

Topics:  Bank Secrecy Act, Community Reinvestment Act, FDIC, Proposed Regulation, Regulatory Standards, Training, Video Recordings

Published In: Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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