Thread Options
|
Tools
|
#30108 - 08/29/02 06:23 PM
Consumer only or Also Safety and Soundness
|
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
|
Just intereseted to know how many compliance professionals deal strictly with consumer compliance regs (with the exception of BSA)and how many deal with both consumer compliance regs and safety and soundness.
_________________________
The opinions expressed are mine and do not necessarily reflect those of my employer.
|
Return to Top
|
|
|
|
#30109 - 08/29/02 08:03 PM
Re: Consumer only or Also Safety and Soundness
|
100 Club
Joined: Jun 2001
Posts: 233
Texas
|
I am in the Risk Management Department which is divided out by Internal Audit, Compliance and Loan Review. I do the compliance and only handle safety and soundness as it applies to BSA. Our Loan review people deal with the safety and soundness issues. Internal Audit deals with some of it as well....
_________________________
Brenda W, CRCM
|
Return to Top
|
|
|
|
#30110 - 08/29/02 08:09 PM
Re: Consumer only or Also Safety and Soundness
|
Gold Star
Joined: Oct 2001
Posts: 313
Terminator Country
|
I'm the risk management department which includes internal audit. I do both consumer compliance and a great deal of safety and soundness work - as in the compliance world - it's a lot of intrepretation work, writing comment letters etc.
_________________________
The opinions are mine and do not necessarily reflect those of my employer.
|
Return to Top
|
|
|
|
#30111 - 08/29/02 08:33 PM
Re: Consumer only or Also Safety and Soundness
|
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
|
Would you mind stating your asset size and the number of branches within your institution?
_________________________
The opinions expressed are mine and do not necessarily reflect those of my employer.
|
Return to Top
|
|
|
|
#30112 - 08/29/02 08:52 PM
Re: Consumer only or Also Safety and Soundness
|
Platinum Poster
Joined: Jul 2002
Posts: 832
|
I am the Compliance Officer/Internal Auditor. I am from a small bank, $160mm, and used to be able to handle both duties. With all the new regulations I'm finding it is extremely difficult to get any auditing done. I'm so busy working on new policies and checking up on customers, not to mention working in the annual compliance reviews.
_________________________
Marilyn, CRCM
I'd rather be fishing.
|
Return to Top
|
|
|
|
#30114 - 08/29/02 09:15 PM
Re: Consumer only or Also Safety and Soundness
|
100 Club
Joined: Jun 2001
Posts: 233
Texas
|
My bank has 19 branches and asset size of >$500 million. Our department cross trains so I dabble in it as well. Comment Letters???? who has time for those....if I just managed I would be able to....but I manage, audit, and assess risk....plus CRA duties for a large bank....
_________________________
Brenda W, CRCM
|
Return to Top
|
|
|
|
#30115 - 08/29/02 09:35 PM
Re: Consumer only or Also Safety and Soundness
|
Anonymous
Unregistered
|
An interesting aspect of the split of responsibility is how the FDIC includes BSA and Privacy issues/regulations within the Safety and Soundness examination, versus the separate FDIC Compliance examination. Within our recent Safety and Soundness exam, Privacy was a real big deal!
|
Return to Top
|
|
|
|
#30116 - 08/30/02 12:19 PM
Re: Consumer only or Also Safety and Soundness
|
Power Poster
Joined: Jul 2002
Posts: 6,726
the sandy shore
|
Yeah, and non-deposit stuff is in compliance. That has never made much sense to me. They were looking at giving BSA/Money Laundering back to compliance but I think that has been put on the back burner till after the reorg stuff settles down.
_________________________
I disbelieved what he was saying so hard, I probably created an alternate universe where it wasn't true.
|
Return to Top
|
|
|
|
#30117 - 08/30/02 12:43 PM
Re: Consumer only or Also Safety and Soundness
|
Power Poster
Joined: Oct 2001
Posts: 5,564
Clintonville, WI, USA
|
Sense? You expect regulators to make sense? Most regulations defy logic! Live long and prosper....
_________________________
Member of the National Sarcasm Society - like we need your support!
|
Return to Top
|
|
|
|
#30120 - 08/30/02 01:12 PM
Re: Consumer only or Also Safety and Soundness
|
Power Poster
Joined: Oct 2001
Posts: 5,564
Clintonville, WI, USA
|
Yeah, Congress writes the laws, but the Regional Office interprets them! We in the field would try to be reasonable and logical, then the report went to the RO, and we would get phone calls to change things. I finally said "Fine, I will change it to the way you want, but take my name off of the exam." I mean, the "ivory tower people" (RO review examiners) weren't there, and hadn't examined banks in years!
Now you know why I am a banker, not an examiner anymore!
_________________________
Member of the National Sarcasm Society - like we need your support!
|
Return to Top
|
|
|
|
#30122 - 08/30/02 02:36 PM
Re: Consumer only or Also Safety and Soundness
|
Power Poster
Joined: Oct 2001
Posts: 5,564
Clintonville, WI, USA
|
I worked in Chicago - some of the review examiners were in the RO and out of the field for over 15 years. I worked in Dallas years ago when Mcorp closed. I really like your part of the country!
_________________________
Member of the National Sarcasm Society - like we need your support!
|
Return to Top
|
|
|
|
|
|