$305.00 – $705.00
Date Recorded: July 28, 2022
Presenter: Anetria Cohen, Vice President and Senior Consultant, ProBank Austin
A three-hour review of the rules that may impact our dealings with those that our institution has a relationship.
Regulation O: Given the influence that a director, executive officer, and principal shareholder may have at a financial institution, some have exerted that power negatively and obtained sweetheart loans at the expense of the institution and its customers. This concern includes loans made to companies that may be controlled by such persons.
Regulation O is designed to address this issue by limiting preferential loans to insiders. Reg O restricts insider loans by imposing restrictive limitations on when and how loans to insiders can be approved, and on the terms and amounts that may be extended. The rules also include reporting and record keeping requirements.
We will review differences between Regulation O and other similar requirements for OCC, FDIC, and NCUA institutions.
Regulation W: Concerned with affiliates for similar reasons, Reg W regulates transactions between a bank and its affiliates. Transactions that may be covered include loans and other extensions of credit to an affiliate, investments in the securities of an affiliate, purchases of assets from an affiliate, and other transactions that may expose the bank to affiliate risks.
HERE’S WHAT YOU’LL LEARN:
Regulation O and Regulation W are complex and detailed. This webinar will provide an in-depth review, including the following:
This informative seminar is designed for compliance officers, compliance staff, loan processors, and auditors who must understand this important issue. Loan officers and those with compliance management or training responsibilities will also benefit from this valuable seminar.
Program Level: Intermediate
Prerequisite: Basic Knowledge of Lending Regulations
Advanced Preparation: None
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.