The Fiduciary and Investment Risk Management Association, Inc. (FIRMA) is the leading provider of current and relevant fiduciary and investment risk management education and networking opportunities to risk management professionals of banks, trust companies, investment advisors, broker-dealers, insurance companies and other providers of financial services. FIRMA has the objective of providing fiduciary risk managers with the tools and knowledge needed to perform their functions in the rapidly changing financial services landscape. Become a Member Today!
April 27 - May 1, 2014
FIRMA National Risk Management Training Conference - Orlando
April 19 - 23, 2015
FIRMA National Risk Management Training Conference - Nashville
NEW - 2012 FIRMA Training Videos
Posted: Wednesday, Jan 2, 2013
Announcing our ERISA Update video and more: http://thefirma.scholarlab.com/
The results of The Global Cost of Anti-Money Laundering Compliance survey show that AML and OFAC compliance issues remain top of mind for senior management and Boards of Directors of financial institutions around the world1. Compliance costs are increasing and the expectation is that they will continue to increase for the foreseeable future. Despite these increases, adequacy of budgets and allocation of personnel remains a concern for compliance executives. The survey results show that financial institutions are spending significant amounts of their resources on automated transaction monitoring systems and customer due diligence and that additional regulations, such as the FCPA and FATCA, are further taxing their compliance budgets.
In particular, the survey results show the following:
Fiduciary Examiner - Federal Reserve Bank of Kansas City
Posted: February 26, 2014
Contact FIRMA to advertise your position.
FIRMA Strategic Partners
FIRMA is pleased to present a list of our Industry Partners:
FIRMA would like to thank our friends who sponsor our nationally recognized education and training programs. We would also like to thank our partner organizations who provide our members with additional resources that complement the training offered by FIRMA. The support of our sponsors and partner organizations is critical to our success in providing members with the quality training opportunities and networking forums they expect and demand.
Provided below are links to the websites of our current sponsors and partner organizations. We encourage all FIRMA members to visit these websites and to patronize these loyal organizations who serve FIRMA and our members so capably.
AMERICAN BANKERS ASSOCIATION
ASSOCIATION OF CERTIFIED ANTI-MONEYLAUNDERING SPECIALISTS (ACAMS)
ASSOCIATION OF CERTIFIED FRAUD EXAMINERS (ACFE)
TRUST EDUCATION FOUNDATION, INC.
CANNON FINANCIAL INSTITUTE
GLOBAL ASSOCIATION OF RISK PROFESSIONALS (GARP)
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION - INTERNAL AUDIT SOCIETY
Chiquita to Merge With Ireland's Fyffes, Becoming Top Banana
WSJ.com: US Business 10 March 2014, 4:56 pm
Stem-Cell Papers Retraction Sought
WSJ.com: US Business 10 March 2014, 4:52 pm
US STOCKS-S&P dips after record; China data, Boeing weigh - Reuters
Business - Google News 10 March 2014, 4:46 pm
Boeing delays decision on 787-10 production site - Reuters
Business - Google News 10 March 2014, 4:42 pm
Boston train derails from tracks, 10 people injured Monday afternoon - New York Daily News
Business - Google News 10 March 2014, 4:40 pm
Ackman to Show Internal Documents in Herbalife China Webcast - Bloomberg
Business - Google News 10 March 2014, 4:36 pm
EBay Rejects Icahn's Board Nominees
WSJ.com: US Business 10 March 2014, 4:34 pm
McDonald's Stock Not on Value Menu Amid Weak Sales - Barron's
Business - Google News 10 March 2014, 4:18 pm
Barrick Gold to Pare African Barrick Stake
WSJ.com: US Business 10 March 2014, 4:16 pm
General Trust Discussion: Cost basis reporting for Debt Instruments Chief Fiduciary Officer posted on December 4, 2013, 7:28 pm:
We are in the process of determining our default position for how to treat bond premiums and discounts. We are considering amortizing/accreting them for agency accounts and just amortizing the premium but not accreting the discount for trust accounts. Was wondering what other institutions are doing. Thanks