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Understanding Insider Lending and Regulation O

OnDemand Webinar (86 minutes)

Gain a better understanding of Regulation O and related compliance considerations.Lending to insiders can be a regulatory danger zone for bank officers and directors. While loans to bank insiders are not prohibited, they are tightly regulated and attract greater than normal regulatory attention, and not without good reason. Insider loan abuses historically have been a major reason for bank failures. This topic will review the rules applicable to loans to insiders as set forth in Sections 22(g) and 22(h) of the Federal Reserve Act (12 USC § 375a and § 375b) and its accompanying Regulation O of the Board of Governors of the Federal Reserve System (12 C.F.R. Part 215). The intent of the material is to provide you with a working understanding of Regulation O and related compliance considerations.

Authors

Robert M. Tammero Jr., K&L Gates LLP

Agenda

Overview of Insider Relationships

• Federal Laws

• State Laws

• Other Restrictions

Regulation O and Federal Regulation of Insider Lending

• Regulation O - Terminology and Rules

• Recordkeeping and Reporting Requirements

• Violations

Regulatory Compliance

• Board Policies

• Code of Ethics

• Regulatory Hot-Buttons