The top compliance risk is suddenly UDAAP - unfair, deceptive and abusive acts and practices - which has become a de facto mandate to assure that all banks are "fair" as well as compliant. (Abusive is emphasized because it is a new factor in what used to be only "UDAP.") Meeting this risk will require fundamental change. The pace, scale and nature of this change cannot be well handled through the traditional bank compliance management model. It`s time for a compliance metamorphosis.
During the session we will address:
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What types of practices are deceptive?
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What constitutes "abusive" practices
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How can compliance programs adjust to manage UDAAP risks?
AUDIENCE:
Bank CEOs, Presidents; Chief Operating Officers; Chief Financial Officers; Bank Counsel; Senior Management of financial institutions; Advisers who work closely with financial institutions such as attorneys, investment bankers, and other consultants
