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Dealing with Insiders: Regulations O and W

Many banks appoint a “Reg. O and W” Officer to monitor all these activities and assure compliance. In this webinar, we’ll detail the many requirements of Regs. O and W and provide tips to assure effective compliance management practices. We’ll talk about who the bank’s insiders and affiliates are and how to manage the many requirements.

OnDemand
Recorded Thursday,
October 26th, 2023
Presented by Carl Pry
2h total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • CRA Compliance
  • Fraud
  • General Compliance
  • Lending Compliance
  • Reporting
  • Risk Management/Legal
  • Bank Legal Counsel
  • Branch Manager
  • Compliance Officer
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Risk Manager
  • Senior Management
  • Trainer

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Handling transactions with a bank’s insiders can be tricky business – there are several important regulatory requirements to be aware of, primarily Regulations O and W. Reg. O addresses loans to insiders. Do you have a solid idea of who (and/or what) the bank’s insiders are? It can change frequently. Then you must deal with the myriad rules that apply when lending to them. Overdrafts in particular can be a thorny issue, and many banks have found themselves in trouble due to their practices.

Regulation W is, in the minds of many, the most complicated regulation out there to monitor. Reg. W (which comes from the Federal Reserve Act Sections 23A and B) contains a multitude of requirements when dealing with transactions (and not just loans) with affiliates. Keeping track of just who the bank’s affiliates are can be daunting enough. There are further collateral requirements to keep track of as well.

What You'll Learn

  • Reg. O: Who are the bank's insiders? Detailed definitions
  • Handling the holding company and affiliate insiders
  • What is an "extension of credit" covered by Reg. O?
  • "General” restrictions that apply to all insiders
  • More specific restrictions that apply to a smaller group of insiders
  • Recordkeeping and recommendations
  • Reg. W: Who are the bank's affiliates? Who is not?
  • What is a "covered transaction"?
  • Attribution and combination rules
  • Limitations on these types of transactions
  • Collateral restrictions
  • Prohibitions against low-quality assets
  • The "arms-length" rule

Who Should Attend

This interactive session will benefit anyone in the institution who needs to know the many rules that apply to transactions with insiders and affiliates. This could include compliance professionals, auditors, senior management, directors, holding company officers, and loan officers who may run across these types of transactions and need to know the rules.

Carl Pry

Instructor Bio

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

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