Dealing with regulatory exams, from safety and soundness and AML/BSA to consumer protection, mortgage, fair lending, CRA, and a host of others, can be a daunting and intimidating experience. But it need not be – there are a number of key ideas and processes that can be undertaken to ensure a favorable experience. All exams, from all examiners and all agencies, have many commonalities that lend themselves to understanding how the process works.
In this webinar we’ll go through the examination process in general – what it is, how it works, and how your institution can best succeed. One of these keys sounds obvious, but it’s surprising how frequently it’s ignored: BE PREPARED (the Boy Scouts motto). We’ll detail what it means to be properly prepared, as well as dealing with the exam (and examiners) process, and important post-exam takeaways.
Come prepared with your questions, as this is a great opportunity to be as ready as you can possibly be for any impending regulatory examination.
What You’ll Learn
- Examiner focus in 2024 – primary issues to address
- Importance of examination procedures
- Best practices for a successful exam, whatever it is
- Understanding the examination process
- Pre-exam planning
- The importance of communication
- Be prepared – what does this mean?
- Know your position and don’t be afraid to stand your ground
- Addressing issues and problems – making commitments
- Sharing examination results
- Post-exam activities – audit, action plans, reviews
- Compliance vs. Legal vs. Audit
- Types of enforcement actions
- If it’s not in writing, you didn’t do it!
Who Should Attend
Anyone in the institution who has any role to play in the regulatory examination process will gain for the information in this webinar, including (but not limited to) compliance professionals, attorneys, auditors, managers, Executive Management, and even Board members.