Everything listed under: Compliance

  • Fiduciary Rule: From Doom and Gloom to Thoughtful Change

    Since the Department of Labor's fiduciary standard for qualified retirement accounts was first announced, banks have "made some thoughtful changes to their compensation plans," said Peter Bielan, principal of Kehrer Bielan Research & Consulting during his recent appearance on Bank Investment Consultant's podcasts. Bielan spoke with BIC editor Lee Conrad to reflect on the changes that have occurred to advisor compensation in response to the rule."When the rule was first...  Read More...

  • What the Revised FDIC Compliance Manual Could Mean for You

    Last week the FDIC issued Financial Institution Letter 29-2015, announcing the revision of its Compliance Examination Manual, the "Bible" that FDIC examiners use to evaluate financial institution compliance with federal consumer protection laws and regulations. Read the full document here.  The Manual's Section IX addresses retail sales of investment products, providing very specific guidance on the oversight and due diligence responsibilities of institutions that p...  Read More...