Links in “Compliance Tips”
- It’s Financial Check-up Time
In a series of releases, two agencies are promoting financial check-ups and guidance. The FDIC's focuses on a checklist of questions and suggestions that can help individuals better meet their financial goals. The CFPB directed their guidance to parents to help children understand the value of money. Suggestions include "think[ing] out loud as you pay your bills." [12/24/14]
- Risk Watch 43: What the Cold War Can Teach Us About Enterprise Risk Management
Enterprise risk management can seem daunting, because it takes a very complex ecosystem like financial institutions and requires the employees to protect their organization from myriad threats, all the while working to achieve the institutionâs goals. In this video, AffirmX EVP and Director of Risk Management Ken Agle explainsâby way of the Cold Warâone method institutions can use to improve their enterprise risk management. [12/23/14]
- You’ll Be Breached. Here’s What to Do When It Happens
If recent headlines have taught us anything, it is that it's not a question of whether your institution will be breached, but when. Here are five steps to implement before the inevitable occurs. [12/23/14]
- Choose Your Examination Adventure: Are You Winston Churchill or Neville Chamberlain?
Compliance is the slow and laborious task of years. Then, when your examiner comes in and destroys your hard work in the matter of a day (or so it seems), it can turn your examination into a power struggle. In this article, former FDIC examiner Ken Agle (with the assistance of Winston Churchill) teaches a way to help tip the scales back in your favor and assert control of your examination. [12/22/14]
- Attention Required for Matters Requiring Attention
Matters requiring attention (MRAs) are imperative to the regulatory exam process. Find out more about MRAs and how the OCC has changed its policies for managing these items. [12/16/14]
- The Fair Lending Self-Assessment âMiracleâ on Ice
What do hockey and fair lending have in common? AffirmX's Ken Agle explains. [12/16/14]
- Risk Watch 41: Why the CFPB Matters, Even to the Little Guys
Even though the CFPB only directly regulates financial institutions with assets in excess of $10 billion, every financial institutionâregardless of its asset sizeâis impacted in a big way by the CFPB. In this video, AffirmX Analyst Sydney Caskey explains why you might not want to ignore the newest regulatory agency in town. [12/12/14]
- On AML Rule Arrays, Fire Pit Pagodas and Other Things You Donât Want to Build âOff the Cuffâ
Have you ever built something from scratch? With no plans, nothing? AdvisX's Ken Agle has. In this article, he describes why arbitrarily creating and/or implementing untested AML rule parameters could cheat your institution out of a beautifully manageable BSA/AML reporting system. [12/9/14]
- Risk Watch 40: Taking Control of Your Examination
Examinations can feel like a power struggle between institution and examinerâand examiners often win. In this video, AdvisX President Ken Agle share with you one way to help tip the scales back in your favor and take control of your examination. [12/5/14]
- SAFE Act Exceptions: Friend or Foe?
They say there's an exception to every rule. In the case of the SAFE Act, there are actually two major exceptions to keep in mind. These exceptions can be your institutionâs best friend or your compliance enemy. [12/2/14]
