Banking Financial Services and Insurance
Non-Agency Securitization Techniques and Structures
While the issuance of mortgage-backed securities virtually stopped in the wake of the financial crisis, it has recently begun to grow rapidly due largely to the popularity of Non-Qualified (non-QM) loans. Since these loans are not eligible for securitization by Ginnie Mae, Fannie Mae, or Freddie Mac, they are issued as non-agency or “private-label” transactions. However, these transactions do not receive an..
Preparing a Financial Industry Compliance Manual and Code of Ethics and the Overall Annual Compliance Review
Building or Strengthening your firm’s Compliance Program? Attend our virtual seminar on the best practices for preparing the manual, code of ethics and conducting the required annual review. You will receive tools to help build or strengthening your compliance program. The Compliance program shall be designed to prevent, detect, and correct violations of the Advisers Act. The overall compliance program must..
Preparing for a (US and other) Customs Audit
US Customs law dates back to 1879 and was far less burdensome, legally, on the US importer until 1993. Under current law, the US Customs Modernization Act, the US Importer is now mainly responsible for adherence to all US Customs laws and regulations. While Customs calls it a “shared responsibility”, the burden is on the importer to “exercise reasonable care”. In this session, we’ll discuss the basics of a ..
Preparing for a BSA/OFAC Regulatory Examination
The BSA examination process is intended to assess the effectiveness of a financial institution’s BSA compliance program and the institution’s compliance with the regulatory requirements related to the BSA. A regulatory examination should cover a review of the risk management process, an analysis of the institution’s independent testing system, a detailed and thorough of the BSA compliance program, transacti..
Preventing Internal Embezzlement and Employee Fraud
Each year, crime statistics show employee theft and embezzlement costing businesses and organizations billions, with new, more sensational stories appearing all too regularly in the Press. The pervasiveness of these crimes means no employer – whether for-profit, non-profit, governmental, or religious–can count itself as immune. Moreover, embezzlement and fraud also occur as insider crimes by partners, offic..
Profit and Loss Statements: What A Lender Needs to Know and Ask
This program will examine Profit And Loss Statements and look at ways that they inform us about businesses. Attendees will look at ten questions that can be answered upon a close examination of Profit and Loss Statements. Among those question will be the following1. What is the Composition of Sales?2. Is this a growing business?3. How is Cashflow measure..
Regulatory Compliance for Deposits
Regulators have become even more focused to ensure financial institutions are operating with the consumer in mind. This has been an area of focus during examinations over the last few years.Understanding the regulatory compliance for deposits is important for anyone dealing in bank compliance. During this webinar, we will explore consumer compliance regulations for deposits in our current regulatory climate..
Risk Control and Risk Management
Ignoring the difference between risk control and management is akin to, on the road, mixing upside barriers and the steering wheel: the former aims at keeping the car on the path whatever comes, whilst the latter helps to keep the car at the optimal place on the road at all times. Such confusion inevitably leads to using soothing risk management patches rather than fully understood solutions, to ..
Risk Management vs Compliance – Risk Management Case Studies
All too often, people are confused or misunderstand what is Risk Management and what is Compliance. Most companies have both a Risk Management function and a Compliance function. For these functions to be effectively chartered in a company, it is firstly important for the executive and senior management of the company to fully understand the differences between the two in terms of their respective roles and..
Rolling Forecasts the New Way to Budget
The current technology-driven turbulent business environment presents many challenges to business managers. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle to find ways to find manage resources and find ways to thrive and survive in this turbulent business environment. Traditional budgeting has been overtak..
Seven Habits of an Effective Credit Administration
This audio session by Dev Strischek is intended to provide guidance on how to develop and maintain a Credit Administration (CA) function that will provide guidance to anyone involved in the credit function of the bank. The session also highlights the safeguards to manage the bank’s loan portfolio in a safe and sound manner. CA supports credit risk management by watching over credit policy, credit analysis a..
State and Local Income Tax Issues
In this practical webinar, you will learn with the expansion of the Internet, more and more companies are performing work out of their home state. It’s important to get a basic understanding of state and local tax issues in order to help guide clients in these other states as well as their home states.Upon course completion, you will be able to:Determine where nexus is and if it existsFigure out sales and u..
Strategic Accounts Receivable Management
Strategic AR Management is today’s AR Management with its focus on the customer experience and driving revenue. Other benefits such as lower operating costs, shorter cycle times, and improved cash flow are also realized. Strategic Management of Accounts Receivable (AR) delivers much more value to a company than traditional Transactional Management of AR.This is accomplished by the following actions/programs..
Streamlining the Month-End Closing Process
We will share best practices for closing the books, performing period-end analysis, and producing financial reports within 2 days of the month-end. We will discuss the key reasons for closing and reporting delays and how to overcome these obstacles to improve your closing process and timeline. Every business needs timely reporting at month-end, quarter-end, and year-end. Publicly traded companies have prosc..
Tax Logic: The Foundational Legal Framework
The seminar will explain the law, the underlying legal principles, and the logic for both used by tax authorities and by the courts in evaluating, judging, and enforcing the law.Fundamental issues like recognition of income, allowance of deductions, proper and improper capitalization, permissible depreciation and amortization methods, qualifications for credits, and differences between civil tax enforcement..