Page 5 - Compliance Monthly - September 2019

Regulator

Roundup

Interagency Webinar: Applying Model Risk Management to Current Expected Credit Losses (CECL) Models at Large Banks
The FDIC, the Federal Reserve, and the Office of the Comptroller of the Currency (the Agencies) will jointly host a webinar to clarify the

use of model risk management by large institutions for model-based processes employed in their CECL frameworks. The webinar is
scheduled for Tuesday, September 3, 2019, at 2:00 p.m. Eastern Daylight Time (EDT).

Source: FDIC, Publication Date: August 27, 2019

FDIC Board of Directors Meeting

The Federal Deposit Insurance Corporation’s Board of Directors met in open session on Tuesday, August 20, 2019, to consider the following
matters:

• Final Rule to Increase the Appraisal Threshold for Residential Real Estate Transactions, Implement the Rural Residential Appraisal
Exemption, and Require Appropriate Appraisal Review.
• Final Rule to Increase the Major Assets Threshold Under the Depository Institutions Management Interlocks Act.
•
Notice of Proposed Rulemaking: Removal of Transferred OTS Regulation at Part 390, Subpart M–Deposits.
• Notice of Proposed Rulemaking Regarding the Use of Certain Assessment Credit.
• Proposed Interagency Policy Statement on Allowances for Credit Losses.
• Final Rule: Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships with,
Hedge Funds and Private Equity Funds.
• Notice of Proposed Rulemaking on Interest Rate Restrictions Applicable to Less than Well Capitalized Banks.
Source: FDIC, Publication Date: August 20, 2019

2019 OFAC Symposium Save the Date and Registration Open

Registration is now open for the 2019 Fall Symposium to take place at the Walter E. Washington Convention Center in Washington, DC on
Tuesday, November 12, 2019. The event is free, but advance registration is required.

Source: U.S. Department of the Treasury, Publication Date: August 14, 2019

www.accumepartners.com 4