The FDIC Directors’ College is designed for both inside outside bank directors. The presentations will be delivered by a group of experienced FDIC speakers and subject matter experts, and will include up-to-date information on various issues relevant to all bank directors with an overall theme of corporate governance. Please consider this opportunity to interact with your bank’s regulators and enhance your board’s experience and knowledge.
Registration link will direct you to Community Bankers of Iowa. Contact IBA’s Darcy Burnett with questions.
Agenda
8:00 – 9:00am Registration and Continental Breakfast
9:00 – 10:30am Introductions, Economic Update, FDIC Keynote Speaker with Q&A
10:30 – 10:45am Break
10:45 – 11:45am Breakout Session 1
11:45 – 12:45pm Lunch
12:45 – 1:45pm Breakout Session 2
1:45 – 2:00pm Break
2:00 – 3:00pm Breakout Session 3
3:00pm Adjourn
Accounting (breakout)
This session will focus on recent accounting updates, reporting requirements for purchased and modified loans, key changes to the annual independent audits and reporting thresholds under Part 363 of the FDIC Rules and Regulations, and common themes witnessed from examiner review of Current Expected Credit Losses (CECL) methodologies and use of sale-lease back transactions.
Capital Markets (breakout)
Capital Market Experts will highlight the importance of strong asset liability management programs at community banks. Topics will include contingency funding plans, model assumptions, and the Community Bank Leverage Ratio. We will also discuss brokered and reciprocal deposits as well as CECL for investment securities.
Consumer Protection (breakout)
Compliance Examiners will address recent consumer protection updates. Topics will include the Compliance Management System, Fair Lending, Unfair or Deceptive Acts or Practices, flood insurance, Community Reinvestment Act, and examination and visitation frequency updates.
Cybersecurity/Information Technology (breakout)
Information Technology experts will provide an overview of today’s cyber threat environment and discuss strategies for reducing risk to the bank. Topics will include common types of cyber-attacks impacting community banks, case studies of security incidents and operational disruptions in our Region, strategies for cyber- and operational resilience, and corresponding examination expectations and Directorate responsibilities.
Insider Abuse and Fraud Prevention (breakout)
This session will explain why bank insiders commit fraud and share insights from the latest fraud research. We will share practical tips for preventing insider abuse and review takeaways from several recent bank failures that involved fraud.
Third-Party Relationships (breakout)
This session will provide an overview of how to effectively manage the risks associated with third-party relationships. We will discuss related regulatory guidance and provide examples of successes and setbacks in managing these risks. We will also provide practical suggestions for how directors can implement and maintain a successful third-party risk framework.