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. Vanasses presentation will focus on Fair Lending
Issues. Topics include risk-factor identification, redlining
risk management, and emerging fair lending risks in the marketing
The next speaker will be Samuel Shaw from the Federal
Deposit Insurance Corporation (FDIC). Mr. Shaw currently
serves as a Review Examiner for the FDICs 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 FDICs Examination
School for Non-Examiners (ESNE).
Mr. Shaws 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. Prouts 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 Departments 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. Prouts 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. Saunigs 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
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: firstname.lastname@example.org
Registration Due Date: February 21, 2020
If you have any questions regarding this BCAC program please
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
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
11:15 - 11:30 Break
11:30 - 12:30 Speaker: Todd Prout and Matt Saunig, Connecticut
Department of Banking
12:30 - 1:30 Lunch