Financial institutions are required to be compliant with laws and regulations. Such compliance needs to be well documented and consistent to ensure financial institutions avoid violations and implications. However, financial institutions often rely on their training programs to provide knowledge and education to their personnel. This training needs to be sufficient and thorough enough to provide the necessary information for them to properly perform their roles and responsibilities while remaining compliant.
Why should you attend:
Although financial institutions have been managing their training program per the regulation requirements, determining if the training program is sufficient remains a challenge for financial institutions. Regulators look to the Bank for ensurance and evidence that not only are the training programs compliant with laws and regulations, but that they are thorough.