Gain insight into the complex regulatory framework applicable to financial institutions’ recordkeeping requirements, including key provisions and compliance obligations.
The importance of robust and up-to-date document retention and destruction policies for financial institutions is paramount. In this presentation, we will discuss the complex regulatory framework applicable to financial institutions recordkeeping requirements, the importance of compliance with document retention and destruction practices in investigations and litigation, the current focus on off-channel business communications by civil and criminal regulators, and examples of cases involving the failure to properly preserve or destroy business records and related repercussions. The training will also offer guidance on best practices and tips for managing recordkeeping requirements and avoiding future scrutiny by regulators or private litigants.
Learning Objectives
- You will be able to understand the significance of robust and up-to-date document retention and destruction policies within the context of financial institutions’ regulatory compliance and legal requirements.
- You will be able to explain the relationship between effective document retention and destruction practices and their role in mitigating risks during investigations and litigation processes.
- You will be able to recognize the potential implications of non-compliance with document retention and destruction policies in the context of regulatory scrutiny and legal actions.
- You will be able to evaluate real-world examples of cases involving improper preservation or destruction of business records and understand the associated legal and operational repercussions.
Agenda
- Heightened Focus on Retention and Destruction Policies and Practices
- Financial Institution Regulatory Framework
- Data Privacy and Cybersecurity Concerns
- Spotlight on Off-Channel Communications
- Examples of Improper Retention/Destruction Issues and Collateral Consequences Associated With Deficient
- Retention and Destruction Policies and Practices
- Practical Tips and Key Strategies for Success
Speakers
Brooke E. Conner,
Vedder Price P.C.- Shareholder at Vedder Price and a member of the Chambers USA-ranked Government Investigations and White Collar Defense team in the firm’s Chicago office
- Represents companies and individuals in defending government investigations, conducting internal investigations, counseling clients during regulatory examinations, and representing clients in securities litigation and other complex civil litigation matters
- Successfully represents public and private companies, investment advisers, broker-dealers, hedge funds, boards of directors, board committees, and service providers, as well as officers, directors, and other individuals facing an investigation or government scrutiny
- Co-presented a webinar discussing record-keeping obligations relating to off-channel communications for business entities and how to manage the use of personal devices for business purposes
- Authored numerous articles and blog posts regarding SEC and regulatory enforcement issues
- Member of the American Bar Association (ABA) and the Women in White Collar Defense Association (WWCDA)
- J.D. degree, Loyola University Chicago School of Law, magna cum laude; B.A. degree, Miami University, magna cum laude
Who Should Attend
This live webinar is designed for presidents, vice presidents, branch managers, loan officers, compliance officers, loan department personnel, accountants, controllers, CFOs, credit and collection managers, and attorneys.
