Alert July 30, 2013

FDIC Releases Second Series of Videos Designed to Provide Information to Bank Directors

The FDIC released a second series of videos designed to provide useful and clear information to bank directors concerning corporate governance, compliance and risk management topics.  The first series of videos by the FDIC was discussed in the April 9, 2013 Financial Services Alert.

The second series of FDIC videos, each of which runs approximately one-half hour in length, covers the following topics:

  • Interest Rate Risk
  • Third-Party Risk
  • Corporate Governance
  • The Community Reinvestment Act
  • Information Technology (IT)
  • The Bank Secrecy Act

The FDIC stated that, before the end of 2013, it expects to release a third group of videos that will provide technical training to bankers on a broad range of issues.  The FDIC said that the first six modules in this upcoming group of videos would address, respectively,

  • Fair Lending
  • Appraisals and Evaluations
  • Interest Rate Risk
  • Troubled Debt Restructurings and the Allowance for Loan and Lease Losses
  • Evaluation of Municipal Securities
  • Flood Insurance Coverage