This two-part training program is designed to provide new directors of BPI member institutions an overview of U.S. statutory, regulatory and supervisory requirements and expectations for board oversight of banks and bank holding companies. As reflected in the agenda below, the goal is to provide directors with background on the basic legal and regulatory structure for banking; an introduction to key regulatory issues they will likely face; and a description of director responsibilities unique to service on a bank board.
A panel of current and former board members discuss approaches to engagement with regulators and with management, challenges they have experienced in terms of oversight of risk management and business model transformation, and managing information flow to the board.
1 BITS, the technology and cybersecurity policy division of BPI, also runs a board governance program focused on cybersecurity. This year, the program will include a meeting in the July timeframe for a handful of board directors, CIOs, CISOs and CROs to discuss board reporting and crisis response planning, as well as a meeting in the fall (likely November timeframe) for CEOs and board directors to discuss crisis response planning and share effective practices.