Webinar: Brokered Deposits/Core Funding
August 5, 2020
Time: 11:00 am Eastern | 10:00 am Central | 9:00 am Mountain | 8:00 am Pacific
Length: 60 Minutes
In December 2018, on the same day it issued its final rule on reciprocal deposits, the FDIC issued an advance notice of proposed rulemaking announcing that it would undertake a Comprehensive review of its regulatory approach to brokered deposits. The FDIC asked banks and other industry participants to comment on how the brokered deposit restrictions should be updated and modernized to reflect the significant changes in technology, business models, and products that have taken place in the financial services industry since the restrictions were enacted over thirty years ago. After reviewing the submitted comments, the FDIC issued a much anticipated notice of proposed rulemaking in December 2019 summarizing the comments received and proposing a variety of new approaches—most notably, a proposed definition for what constitutes “facilitating the placement of deposits,” amendments to two exceptions to the “deposit broker” definition, and a new application process for the “primary purpose” exception.
We will discuss the current state of brokered deposits as well as potential shifts in the brokered deposit landscape based on the proposed rule.
Presenter: Marysia Laskowski, Hunton Andrews Kurth
1 CPE Credits
Program Level: Basic
Prerequisites: No previous experience and training necessary.
Delivery Method: Group-Live
Field of Study: Specialized Knowledge & Applications
ICBA Members: $199
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