Webinar: Supervisory Priorities 2023
March 21, 2023 3:00 pm - 4:30 pm
ALERT! Fallout From the March 10, 2023, Silicon Valley Bank Failure Begins
Congress is looking for more regulation and the NCUA is keeping a close eye on the FDIC as regulators consider changes to the examination process in the wake of finger pointing and second guessing. Join us for a snapshot of what we know right now and receive practical guidance to prepare for added regulatory scrutiny.
Regular examinations are a simple fact of life for all financial institutions. But does that mean you are powerless to influence the process? No! Focused preparation based on a keen understanding of the process will reduce the attendant frustrations and fear. This webinar will explain how to navigate the exam as well as the best available strategies to present your business plan and mission to examiners.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand the focus of NCUA examinations in 2023
- Appreciate the impact of the 2023 supervisory priorities
- Employ improved examination preparation strategies
- Access more examination resources
- Appreciate the MERIT examination system
- Discuss the ripple effects of the recent SVB failure from Wall Street to Main Street
WEBINAR DETAILS
Watch out! Your examination team has a new set of marching orders and an increased operating budget. This year’s guidance focuses extensively on interest rate risks and liquidity concerns, but there are other important elements to be incorporated into your risk strategies. Big or small, well run or not, every credit union will undergo regular and rhythmical examinations. The NCUA exam modernization initiative is making substantial changes to the examination experience. Are you prepared? Fortunately, this is an open book exam! A well-prepared credit union can reduce stress and increase exam efficiency, which puts you in a position to tell your story effectively rather than defending every operational decision and accounting entry from the rigors of a “safety and soundness” review.
Imagine being able to maximize the examination cycle rather than dread it. Join credit union attorney and examination veteran, David Reed, as he guides you through the new technology and examination strategies that will help you thrive during the next examination. From available resources to a review of the new examination software, this is a must-attend webinar for every institution.
WHO SHOULD ATTEND?
This informative session is designed for senior executives, directors, Supervisory Committee members, managers, compliance staff, audit staff, and anyone involved with the examination process.
TAKE-AWAY TOOLKIT
- NCUA 2023 supervisory priorities
- Regulatory guidance on exam modernization
- Checklist of NCUA resources
- Glossary of NCUA acronyms
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: David A. Reed, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.