You Are Here: Home > > Avoiding Hot Water: Complying with Regulation O
Avoiding Hot Water: Complying with Regulation O
Emily McCormick, vice president of research for Bank Director
If a director wants to get into hot water—and their financial institution as well—violating Regulation O is a good place to start. It's "one of the three things that makes bank examiners see red," says Sanford Brown, a partner at the law firm Alston & Bird (the other two being the violation of lending limits and noncompliance with Regulation W, which governs transactions between a member bank and its affiliates). Designed to prevent insider abuse and ensure the safety and soundness of the bank through good lending practices, it's a violation that examiners have zero tolerance for, and often results...
Please enter your username and password below. If you have not established a password please click “forgot password”.
You have accessed a resource that is only available to our Bank Services members.
From how-to articles, director training videos, key interviews with industry leaders and more, Bank Services provides bank executives and directors with the tools to help grow their financial institutions.
Emily McCormick is the vice president of research for Bank Director, an information resource for directors and officers of financial companies.You can follow her on Twitter at twitter.com/ehmccormick or get connected on LinkedIn.