To help bankers understand recent regulatory guidance on deposit account discrepancies and ensure that supervisory expectations are clear, ABA will hold a free, members-only webinar on June 2 at 3 p.m. EDT. ABA staff members will share information they have learned in communicating with the federal banking agencies. Bankers are asked to register in advance before 5 p.m. EDT on June 1.
The agencies recently issued guidance on how financial institutions should handle deposit discrepancies, reminding bankers that they either must adopt deposit reconciliation policies and procedures designed to avoid discrepancies or policies and procedures that are designed to resolve discrepancies “such that customers are not disadvantaged.” The agencies also advised financial institutions to ensure that deposit reconciliation is integrated into compliance management systems.
Register for the webinar.
Read the guidance.