The Board of Directors has long come under scrutiny of the banking regulators. Bank directors are charged with the responsibility of selecting competent executive officers, effectively managing the bank’s affairs, adopting and following sound policies and objectives, overseeing the bank’s financial condition and management policies, maintaining reasonable capitalization, as well as observing banking laws and regulations with respect to conflict issues.
As banks come under increasing scrutiny so their directors are also facing increasing pressure. Increased regulations in anti-money laundering and Bank Secrecy, new Dodd-Frank and Volcker Rule requirements have placed increased responsibility on bank boards for oversight. As part of the new regulatory requirements, boards are called upon to maintain tighter reins on senior management, and be highly knowledgeable regarding how the new bank standards affect their institution.
Regulators are doing more than talking when it comes to bank directors. As the New Frontier Bank and Ocean Bank actions demonstrate, they are holding directors personally liable for their failure to take appropriate action. The juxtaposition of greater regulation and tougher enforcement actions for bank directors makes enhanced training for regulators imperative.
Alexander Church consists of highly skilled and knowledgeable professionals who can bring a board requisite training efficiently and with all appropriate attention to detail. The highly experienced team of Alexander Church will also focus on practical subjects that affect the everyday functioning of the institution and will greatly enhance the board’s ability to govern and provide oversight of senior management.
Bank Director Training Programs offered by Alexander Church include but are not limited to the following important subjects:
For more information on Bank Director Training Programs, contact firstname.lastname@example.org or call 1-888-870-8810.