Bank Safety and Soundness Regulatory Service

Author: Jeffrey Torp
Format/Frequency of Update: 3-Ring Binder with CD/2 Volumes/ 2 updates annually
Price: $525
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Safety and soundness used to mean things you did to avoid bank failure. Now, with new risk management guidelines mandating you be scored on how well you control risk, special examination teams have been trained to focus on nothing but an institution's compliance with safety and soundness regulations. They’ll be looking at how well you control interest rate, credit, liquidity, and legal risks, to name just a few areas, and measuring your safety and soundness with a numerical score.

This comprehensive, regularly updated, clear and easy-to-use manual helps you keep up with changing safety and soundness requirements without a lot of time and effort. Instead of trying to create your own interpretations and approaches to each mandated standard and regulatory release, you can go by the book. Your staff stays up-to-speed more easily. And you can be sure that everything the examiners look for is covered. Best of all, when the written regulations are vague or unclear about what constitutes compliance, our experts draw on proven approaches to give you the guidance you want.

Topics include:

Capital requirements and interest rate risk
Restrictions on deposits, lending and investments
Restrictions on real estate transactions
Dealing with insiders and related parties
Contracts adverse to safety and soundness
Interbank liabilities
Brokered deposits and risk-based insurance premiums.
Lending limits, and more

About the Author

Jeffrey Torp is a consultant in the area of regulatory risk for financial institutions. He specializes in the financial institution industry and has more than 25 years of experience serving financial institution clients in matters relating to bank regulation. Mr. Torp is an attorney and has previously served as a consultant with KPMG and with McGladrey & Pullen, LLP, and as legal counsel to the Independent Bankers of Minnesota. He received his law degree from William Mitchell College of Law in St. Paul, Minnesota, and his Bachelor of Arts Degree from Augsburg College in Minneapolis, Minnesota. Mr. Torp has worked with financial institutions throughout the country on regulatory issues and given numerous presentations on regulatory topics to groups of bankers, bank examiners, trade associations, and attorneys. He has also served as an instructor for the Independent Bankers Association of America’s compliance school and certification program, and authored several publications.