Over the last few years, the banking industry has witnessed significant growth and changes in the regulatory landscape. Despite having dedicated in-house compliance teams, keeping up with the expanding and shifting rules and regulations represents a significant challenge. Board members and bank officers aren't required to be experts in every law or regulation, but they should be knowledgeable enough to understand and oversee their financial institution’s own compliance programs. Failures in this regard can lead legal and financial repercussions, potentially harming the institution's and the individual’s reputation and standing.

Learning Objectives:

• Identify and describe key regulatory changes and trends affecting the banking sector over the past few years
• Develop the necessary knowledge to effectively understand and oversee their financial institution's compliance programs, ensuring alignment with current rules and regulations
• Comprehend the potential legal and financial repercussions of compliance failures, and the impact these can have on the reputation and standing of both the institution and individuals involved