The VBAProtect Conference brings together bankers from security, enterprise risk management, operations and technology. Through a combination of general sessions, concurrent breakout sessions for each functional area and numerous opportunities to network with other bankers from around the state, this two-day conference will keep you abreast of the latest developments and trends within your functional area to help you make a meaningful impact on the organization you serve.
Recent Congressional focus and well-publicized BSA enforcement actions and fines continue to support a climate proving BSA compliance remains of paramount importance to all financial institutions. Treasury continues to rely on financial institutions to serve as the “front-line gatekeepers” for law enforcement efforts to safeguard the U.S. financial system from the abuses of financial crimes, including money laundering and terrorist financing. The federal regulatory agencies continue to rely on financial institutions to take “every reasonable step” to identify, minimize, and manage any risks that illicit financial activity may pose to the individual institution and the industry. Ongoing initiatives by the Financial Crimes Enforcement Network (FinCEN), and continued expansions of the federal examination procedures, reinforce the need to have a strong BSA program at your institution.
Covid-19, economic recession, loan modifications and the slow and uneven business reopening are all causing risks that were not on any banks radar screens when 2020 started. Like the Great Depression, the pandemic will leave an indelible imprint on people. Is your bank ready? FinPro will discuss how to prepare from an interest rate risk perspective, stratify, analyze and stress test your loan portfolio in addition to dealing with all the excess liquidity on banks’ balance sheets. Banks can adapt and manage through these volatile and uncertain times while preparing for a long-term future. FinPro will discuss the demographic, economic, technology, regulatory, political, and infrastructure shifts that will occur in the near future. Understanding these shifts will be required to successfully navigate the new community banking “normal.”
This conference is designed for emerging banking leaders and members of the Virginia Bankers Association Emerging Bank Leaders (EBL) group. This conference will give Emerging Bank Leaders the opportunity to share ideas and network with peers from across the state. You do not have to be an EBL member to attend.