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On June 10, 2021, the Virginia Association of Community Banks (VACB) and Elliott Davis partnered to present a summer Risk Management seminar. Updates from the Federal Reserve Bank of Richmond, the LIBOR Transition from Williams Mullen and Atlantic Union Bank were given, along with presentations on Cannabis/Hemp banking risk management and Bank Secrecy Act Reform from Elliott Davis. There was also a panel discussion with Elliott Davis advisors from Cybersecurity, Credit/Risk, Compliance, and Audit reflecting on Risk Management in a post-COVID World.
The webinar replay is available here:
For more information, contact us with any questions about these topics.
CPE credit is not available for watching the replay.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
The FFIEC has updated its IT examination guidelines, expanding the Development, Acquisition, and Maintenance (DA&M) booklet and retiring the Cybersecurity Assessment Tool (CAT) by August 31, 2025. Financial institutions must now enhance IT risk management and adopt alternative cybersecurity frameworks like NIST 2.0 and CISA Cybersecurity Performance Goals to stay compliant.
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