|
BCG Standard Procedures Manual #17, Managing Financial Institutions, was updated inconjunction with the 2024 BCG Management and Directors Seminar.
The Manual covers a broad range of topics about which all directors and senior management of insured financial institutions should be knowledgeable in order
to protect and advance the important interests of their institutions. The text of this Manual is 1,064 pages, plus 73 pages of appendixes.
There are four main parts to this Manual. Some of the main topics discussed in each part are listed below.
- Part One – Corporate Activities
- Standards of conduct for directors, including directors’ fiduciaries duties
- Corporate governance and securities issues, including board diversity issues, Sarbanes-Oxley
Act, banking regulations on corporate governance, annual meetings of shareholders, sale of bank securities and disclosure
of year-end financial statements
- Current expected credit losses (CECL) methodology and its impact on financial institutions
- Business continuity planning
- Investments and other activities, such as investment powers, derivatives, Volcker
Rule, California public bank legislation, political activities, and other permissible bank activities
- Regulatory capital and liquidity requirements
- Tying arrangements
- Part Two – Insider Transactions
- Restrictions on transactions with affiliates
- Compensation and indemnification of directors and officers
- Conflicts of interest
- Insider trading
- Loans to executive officers, directors and principal shareholders
- Part Three – Regulatory Compliance
- Compliance responsibilities and liabilities
- Federal sentencing guidelines
- Board of directors regulatory checklist
- Basics of structuring a Compliance Management System (CMS)
- Charter-based preemption
- Part Four – Regulatory Enforcement Powers
- Examination process for the different types of depository institutions, including each
agency’s formal appeals procedures
- Prompt corrective action rules
- FDIC’s brokered deposits regulation
- Federal regulatory agencies’ administrative enforcement powers
_____________________________________________________________________
Compliance Companion
For information regarding online subscriptions to Compliance Companion®, contact
info@bankerscompliancegroup.com or call 949-553-0909.
Compliance Companion® is a one-stop regulatory compliance resource for financial institutions. This online
compilation of 19 industry-leading compliance manuals, including SPM #17, Managing Financial Institutions, takes the legalese
out of federal and California laws and regulations, making it easier to understand and keep up with ongoing compliance developments.
Published by Aldrich & Bonnefin, PLC, Compliance Companion® has many useful features including search capabilities,
links to internal cross-references and web-based sources, as well as samples of dozens of forms, disclosures and notices.
This compliance resource can also be accessed from your mobile device, making it faster and easier to get the latest information on
federal and California laws and regulations governing financial institutions.
|
