Bankers Assoc., FDIC offer annual compliance seminar
The Puerto Rico Bankers Association, jointly with the Federal Deposit Insurance Corporation, recently hosted a two-day “Minority Depository Institution Training Seminar,” marking the 10th time the organizations team up to offer it.
The event comprised lectures on the latest changes to the federal regulatory framework and how they impact the services and operations of the financial institutions operating in Puerto Rico.
The training seminar is aimed at compliance officers, legal representatives of the bank, internal and external auditors, compliance service providers as well as internal control and quality officers, said Zoimé Álvarez-Rubio, executive vice president of the Bankers Association.
This year’s program included conferences and workshops on key developments and challenges in the compliance framework, covering, among other topics, the priorities of the examiners in 2017. There was also a special session on how to measure efficiency and effectiveness in compliance.
Other topics addressed were the protection of private and financial information of the consumer as well as the main problems that have been facing in the mortgage service area.
“Once again we joined the FDIC to offer two days of educational workshops to all the staff who have inherent in the area of compliance of the banking industry,” said Álvarez Rubio.
“We hope that it will be of great benefit and training to achieve the most effective compliance with the regulatory changes both, at the level of institutions and in the service to consumers,” she said.
Topics discussed during the seminar were chosen by compliance officers to strengthen their knowledge of the new provisions of federal regulatory framework. The majority of the workshops were offered by FDIC staff and benefited Bankers Association member banks and financial institutions not affiliated with the entity.
“This annual forum provides an opportunity for the FDIC to inform, educate and provide technical support to financial institutions employees in Puerto Rico with respect to the most recent developments and changes in the regulatory framework,” said Scott D. Strockoz, deputy regional director, New York region, of the FDIC.
The Puerto Rico Bankers Association is a nonprofit organization that represents commercial banks in Puerto Rico on governmental, legislative and executive forums as well as in the community, in general.