Board Oversight: Insiders and Regulation O
Course Number: ABA
Course Code: ABA
Free for ABA Members
Explores a bank board’s key oversight responsibility related to managing the abuse of insider information and ensuring there are policies and procedures in place to address such risks. This includes recognizing that regulatory agencies place a heavy emphasis on compliance with Regulation O, having found that insider dealings are the most common cause of institution failure in times of economic stress.
What You’ll Learn
After successfully completing the course, you will be able to:
- Describe the types of insiders who are covered under Reg O
- Explore the specific activities that are prohibited and permitted under Reg O
- Explain recordkeeping and reporting requirements and expectations
Audience: For members of a bank's board of directors.