Product Update Notification - 05/09/11
New Policy Template
Model Risk Management Program Policy - NEW!
This new product was developed in response to OCC Bulletin 2011-12 entitled "Supervisory Guidance on Model Risk Management" dated April 4, 2011. This guidance, developed jointly with the Board of Governors of the Federal Reserve System, articulates the elements of a sound program for effective management of risks that arise when using quantitative models in bank decision making.
Revised Policy Templates
Overdraft Policy Template
The update to this product is in response to the FDIC FAQ entitled "Overdraft Payment Program Supervisory Guidance - Frequently Asked Questions" dated April 1, 2011. The guidance in response to questions from supervised institutions and third party vendors about the FDIC's Overdraft Payment Supervisory Guidance issued in November 2010 (FIL-81-2010). The responses represent the views and opinions of FDIC staff regarding incorporation of the guidance into the examination process.
The update to this product is in response to the FinCEN Press Release entitled "Commercial Real Estate Fraud Analysis and Advisory" dated March 30, 2011. The guidance is to assist financial institution efforts to help law enforcement target this type of fraudulent activity. In addition, the guidance provides some examples of common commercial real estate fraud (CREF) schemes and also suggests financial institutions use the term "CREF" when completing SAR narratives involving potential commercial real estate fraud.
We also added or enhanced several subtopics within the product at the request of numerous clients.
What's New and Revised
Please visit the following pages of our website to review detailed subject matter regarding new and revised topics for these products:
These products are available to purchase from Bankpolicies.com for:
Model Risk Management Program Policy Template
$150.00 - List Price
Overdraft Policy Template
$200.00 - List Price
- or -
$25.00* - Update Price
*Applies only to clients who have purchased the Overdraft Policy Template within the last three years in addition to the following prior updates (if applicable):
- Overdraft Policy Template Update - 12/13/10 - $25.00
- Overdraft Policy Template Update - 12/07/09 - $25.00
- Overdraft Policy Template Update - 01/20/09 - $25.00
Real Estate Loan Policy Template
$475.00 - List Price
- or -
$50.00* - Update Price
*Applies only to clients who have purchased the Real Estate Loan Policy Template within the last three years in addition to the following prior updates (if applicable):
- Real Estate Loan Policy Template Update - 02/22/11 - $25.00
- Real Estate Loan Policy Template Update - 01/03/11 - $25.00
- Real Estate Loan Policy Template Update - 09/20/10 - $50.00
- Real Estate Loan Policy Template Update - 08/09/10 - $25.00
- Real Estate Loan Policy Template Update - 01/11/10 - $100.00
- Real Estate Loan Policy Template Update - 11/16/09 - $75.00
- Real Estate Loan Policy Template Update - 01/20/09 - $100.00
- Real Estate Loan Policy Template Update - 08/26/08 - $50.00
If you have ordered any of these products after 04/09/11 you are eligible to receive that updated product at no charge.
Find Out What's New or Revised with our Product Update Program
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We offer the convenience of :
*Domestic large volume orders shipped on CD-ROM by two day mail at no extra charge.
New or Revised Products