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Upcoming Events of the BCAC


Date:

February 27, 2020 (Thursday ), 8:30a - 1:30p

Topic:
Annual Regulator Forum
Location:

Doubletree Hotel
42 Century Drive
Bristol, CT 06010
860-589-7766

Speaker(s): Robert Vanasse, Federal Reserve Bank; Samuel Shaw, Federal Deposit Insurance Corporation (FDIC); and Todd Prout and Matt Saunig, Connecticut Department of Banking

More Info    Registration

The BCAC is pleased to announce our annual Regulators Forum! This year we welcome speakers from the Federal Reserve Bank of Boston (FRB), Federal Deposit Insurance Corporation (FDIC), and the Connecticut Department of Banking.

The first speaker will be Robert Vanasse from the Federal Reserve Bank of Boston. Mr. Vanasse is a Senior Examiner with the FRB. As a commissioned compliance examiner and fair lending subject matter expert, he leads complex fair lending reviews, conducts trainings, and participates on a range of Federal Reserve System groups. While fair lending is his current area of focus, the Community Reinvestment Act was his “first love”, and he remains actively involved in this area. Prior to joining the Federal Reserve Bank of Boston, Robert worked in economic research and consulting.

Mr. Vanasse’s presentation will focus on Fair Lending Issues. Topics include risk-factor identification, redlining risk management, and emerging fair lending risks in the marketing space.

The next speaker will be Samuel Shaw from the Federal Deposit Insurance Corporation (FDIC). Mr. Shaw currently serves as a Review Examiner for the FDIC’s New York Region. He previously served as a Senior Compliance Examiner in the Boston North Field Office since 2008. Mr. Shaw has led large and complex examinations of multi-branch and multi-state institutions, working with state and other federal banking regulators. He has also developed and conducted regulatory presentations at various outreach venues including banker and community group sessions and has presented previously for the BCAC. Mr. Shaw serves as an instructor for the FDIC’s Examination School for Non-Examiners (ESNE).

Mr. Shaw’s presentation will focus on Common Examination Issues. He will discuss issues encountered by the FDIC during compliance and CRA exams performed in Connecticut in the past year.

The next speaker will be Todd Prout from the Connecticut Department of Banking. Mr. Prout currently serves as a Banking Department Manager with the Connecticut Department of Banking. As a Banking Department Manager, he manages a team of 16 examiners that conduct safety and soundness examinations of financial institutions. Todd has also worked extensively on information technology examinations and served as a state liaison to a national group tasked with developing information technology guidance for banks and credit unions.

Mr. Prout’s first topic will be the new Quarterly Reporting Requirements. The Connecticut Department of Banking completed the implementation of a new computer system in late 2019. The system will potentially provide automation for the Department’s process for collecting information about changes to branches, directors and officers, and public deposits. Because of inherent limitations in the system, some banks might elect to continue with a less automated process. The presentation will provide instructions for creating an account and using the system. Mr. Prout will also discuss system limitations and compensating controls.

Mr. Prout’s next topic will be public Deposit Collateral Requirements. With the implementation of the Community Bank Leverage Ratio, most Connecticut banks will no longer be required to calculate or report risk-based capital ratios. The statutes list Total Risk-Based Capital Ratio as a determinant of public deposit collateral levels. The presentation will provide a brief description of how collateral requirements will be determined without the Total Risk-Based Capital Ratio.

The next speaker will be Matt Saunig from the Connecticut Department of Banking. Mr Saunig is the attorney for the Financial Institutions Division of the Connecticut Department of Banking. In that capacity, he provides legal support on a wide variety of state bank- and credit union-related issues, including compliance. Matt is also involved with the drafting of proposed legislation and review of transactions such as reorganisations and mergers and acquisitions.

Mr. Saunig’s topic will be Cannabis Banking. Without definitive federal action, there is continuing uncertainty surrounding the banking of cannabis-related businesses. The presentation will discuss supervisory expectations for those institutions that choose to bank such businesses. The presentation will also review tools and resources that can assist an institution during the customer due diligence process and any ongoing customer relationship.

The speakers will also answer any advanced questions that you submit ahead of time, as well as any questions that you might have during the presentation. Please be sure to get those advanced questions submitted to us at: info_bcac@bcac-ct.org

Registration Due Date: February 21, 2020

If you have any questions regarding this BCAC program please contact:

Program Chair – David McNamara at phone: 914-248-7272

Who should attend: Compliance Officers, CFOs, Auditors, Risk Officers, Trustees/Directors, Senior Management, Lending Personnel, Deposit Operations

AGENDA
8:30 - 9:00 Registration
9:00 - 10:00 Speaker : Robert Vanasse, Federal Reserve Bank
10:00 - 10:15 Break
10:15 - 11:15 Speaker: Samuel Shaw, Federal Deposit Insurance Corporation
11:15 - 11:30 Break
11:30 - 12:30 Speaker: Todd Prout and Matt Saunig, Connecticut Department of Banking
12:30 - 1:30 Lunch

Registration


Date:

March 27, 2020 (Friday) 8:30a - 3:30p

Topic:
Deposit Compliance and Hot Topics
Location:

Doubletree Hotel
42 Century Drive
Bristol, CT 06010
860-589-7766

Speaker(s): David Larocque and Jordan Lehtonen from Wolf & Co., P.C.

More Info    Registration

The BCAC is pleased to announce our full-day seminar on Deposit Hot Topics with David Larocque and Jordan Lehtonen from Wolf & Co., P.C.

Compliance with federal deposit regulations can present its challenges, especially with the evolving world of technology and the way that customers do their banking. This seminar is designed to ensure you are up to date on current federal deposit regulations and how to comply. This seminar will also include industry hot buttons related to those regulations. Topics will include the following:

  • Regulation D
  • Regulation E
  • Regulation CC
  • Regulation DD
  • Overdraft Protection Programs
  • ESIGN for E-Statements and Deposit Accounts
  • Unfair, Deceptive or Abusive Acts or Practices (UDAAP)
    ______

Jordan Lehtonen is a Senior Consultant in Wolf's Regulatory Compliance Services Group. He is responsible for preparing and executing compliance reviews and other compliance services for the firm's financial institution clients.

Jordan's expertise includes performing Consumer Lending and Deposit Compliance audits, such as Advertising, Regulation D, Regulation DD, Regulation CC, Regulation E, Overdraft Program, ESIGN, Internet, Regulation B, Regulation C, Regulation X, and Regulation Z for financial institutions. Jordan has performed compliance audits for financial institutions ranging from $100 million to over $10 billion is assets.

David Larocque, CAMS, is a Senior Manager for Wolf's Regulatory Compliance Services Group. He is responsible for assisting in the development and execution of compliance reviews, training, and various other compliance services for the firm's financial institution clients.

David has experience analyzing and evaluating institutions' compliance with federal and state statutes and regulations. His primary focus is the Bank Secrecy Act (BSA). He has expertise in numerous areas including the Truth-in-Savings Act, the Electronic Fund Transfers Act, and Identity Theft Red Flag Prevention Programs. David also has expertise in a range of niche compliance areas including Compliance Management Systems, the ESIGN Act, and Overdraft Protection Programs.

Registration Due Date: March 20, 2020

If you have any questions regarding this BCAC program please contact:

Program Co-Chair – Sara Lundy - 860-823-4950

Who should attend: Compliance Officers, Auditors, Senior Management, Deposit Operations Personnel

AGENDA
8:30 - 9:00 Registration
9:00- 10:00 Presentation
10:00 - 10:15 Break
10:15 - 11:15 Presentation
11:15 - 11:30 Break
11:30 - 12:30 Presentation
12:30 - 1:30 Lunch
1:30 - 2:15 Presentation
2:15 - 2:30 Break
2:30 - 3:30 Presentation

Registration

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