Category Archive: General

Accume’s July Compliance Monthly Newsletter

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Accume’s July issue of Compliance Monthly is here!  The Compliance Monthly newsletter is intended to keep you informed of regulatory changes in advance of their effective date so your institution can have the necessary policies, procedures and processes in place to be compliant at the time of enactment. http://www.accumepartners.com/media/32096/july-2014-compliance-monthly.pdf  

Decoding the Biggert-Waters Flood Reform Act

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The banking industry continues to adjust and react to the Biggert-Waters Flood Reform. Enacted in July 2012, the act re-authorized the National Flood Insurance Program (NFIP) through Sept. 30, 2017. While the impact of the act has not fully played out, financial institutions are being affected now. Bankers are facing new challenges, including premium reform… Read more »

Why You Need A Risk Committee

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With schedules already crammed with committee meetings, it’s tempting to reject the idea of forming yet another committee, even one devoted to risk. Don’t. Properly executed, it will be one of your bank’s most important governance bodies. Eric Holmquist, Managing Director, Enterprise Risk Management, authored the article titled, “Why You Need a Risk Committee,” which… Read more »

Internal Audit Looks Beyond Finance for New Leadership

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In a Compliance Week article titled, Internal Audit Looks Beyond Finance for New Leadership (4.1.14), Mark Lindig, Accume CEO, is quoted. The article focuses on the evolution of internal audit from a function primarily concerned with financial risks to one that covers a broader array of risks, which has companies looking for internal audit leaders… Read more »

FINRA Cyber-Security Compliance Update

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The financial industries are being increasingly targeted by cyber thieves. This paper focuses on the latest cyber-security requirements for financial institutions with brokers-dealers, investment advisors, and investment funds that are regulated by Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). The Regulators The Financial Industry Regulatory Authority (FINRA) is a self-regulatory… Read more »

Cloud Computing Services: Considerations for Financial Institutions

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Many financial institutions are considering using cloud computing and software as a service outsourcing for non-core banking functions as a means of enhancing the level of service while also reducing costs. Recent advances in cloud computing services have been dramatic, and while much of the news about the cloud involves consumer applications, it is increasingly… Read more »

Long-Awaited Final Rules Issued for Implementing Volcker Rule

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Five financial regulatory agencies issue final rules to implement the “Volcker Rule” prohibiting insured depository institutions and their affiliated companies from engaging in short-term proprietary trading. Compliance with these rules is required by July 21, 2015.  The Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of Comptroller… Read more »

Notable Recent Identity Theft Prosecutions

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As has been seen so often over the years, the cases of identity theft keep increasing. While individuals, the government and financial institutions continuously take steps to protect non-public personal information, making it increasingly difficult for identity thieves to get this information, identity thieves continue to successfully operate, often for a long period of time… Read more »

Accume’s October Compliance Monthly Newsletter

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Our Compliance Monthly newsletter is intended to keep financial institutions informed of regulatory changes in advance of their effective date so your institution can have the necessary policies, procedures and processes in place to be compliant at the time of enactment. We invite you to read the October issue. http://www.accumepartners.com/media/30349/october-2013-compliance-monthly.pdf  

Accume Partners Opens Carolinas Office

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Accume Partners announced the opening of its new office in Wilmington, North Carolina, to further expand the firm’s footprint throughout the Carolinas. David Smith, Accume Partners Director, will serve as the office leader and will oversee the growth and development of the firm’s presence in North and South Carolina. The opening of the Carolinas office… Read more »