Welcome to BAI L&D Connect®
BAI exists to give financial services leaders the confidence to make smart business decisions, every day. We are passionate about our mission and believe that a strong financial services industry helps consumers, businesses, and communities thrive. BAI L&D Connect was designed to provide all of the resources you might need including:
May Announcements
An exciting update to the “My Dashboard” page in the BAI Learning Manager was just released, providing numerous benefits to users. Check out and share the student demo video below!
End-To-End Policy Solution
The BAI Policy Manager helps financial services organizations make informed decisions when creating, updating, communicating, and tracking their organizational policies and procedures. It provides:
- Industry-specific regulatory resources to help you make informed decisions when creating and updating your policies
- Easy setup to help you get up and running quickly
- Focused processes, so you’re ready for your next examination
- Powerful communication tools to build a culture of compliance
Industry-specific regulatory resources
BAI provides compliance professionals with industry-specific actionable content that helps them make informed decisions during the policy management process, including:
- Regulatory Alerts (CFPB changes, FDIC updates, NCUA rules, etc.)
- Policy Considerations
- Policy Templates
- Regulation Overviews
Help you get up and running quickly
Quick Setup and Easy Administration. The BAI Policy Manager is designed to provide for a quick setup and easy administration, saving your compliance professionals significant time. BAI’s solution includes:
- Bulk import of existing policy documents
- Industry-specific table of contents
- Bulk import of users
- A human resources information system (HRIS) data exchange
- Configurable and reusable workflows
- Single sign-on (SSO)
So you’re ready for your next examination
Timely Updates and Acknowledgements. In the financial services industry, updating policies on time and having those policies acknowledged in a timely manner are crucial. The BAI Policy Manager includes many features designed with this understanding. BAI’s solution includes:
- Compliance professional and manager dashboards
- Report subscriptions
- Reminder emails
- User dashboards
- Audit reports
Cybersecurity remains a top-of-mind concern in the financial services industry. BAI is excited to be launching new Cyber Scenarios that address these risks and help organizations and their employees prevent and mitigate attacks. In these 10 to 15-minute story-based, interactive courses, learners face a relevant cybersecurity threat scenario in a financial institution and decide how they would proceed at key decision points.
90 Day Regulatory Outlook
Prepare for various pending regulatory changes
Published the beginning of each month, BAI’s 90-Day Regulatory Outlook helps you plan for the compliance landscape in the upcoming fiscal quarter. Receive insights from BAI’s compliance experts on which policies and training courses of yours will be impacted by the most recent and relevant regulatory changes.
Regulatory Alerts
Keep track of all regulatory changes, regardless of stage
Receive the latest Financial Services industry compliance news every week, including summaries of relevant announcements from more than 20 different regulatory bodies and overviews of personnel and products affected. Focusing on the changes that may impact your training and policy management programs our service covers various agencies.
Risk Alerts
Keep track of the latest risks, proposals, standards, resources and events your organization should know about
Risk Alerts provides the latest risk guidance, best practices, upcoming webinars, resources, and information related to organizations in the financial services industry. Receive weekly updates, with a summary of only the most relevant announcements from almost 30 organizations, including regulators, standard-setting agencies, and third-party experts.
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Industry News
Likely Regulatory Changes in 2024
Most people want to know what types of regulatory changes are expected over the next year or so to plan accordingly and increase compliance budgets for staffing or other resources. To help you prepare, here is a list of firm changes with effective dates, and what we believe is likely to either be finalize or become effective by December 31, 2024: Beneficial Ownership Rule – The new rule is effective January 1, 2024. Reporting companies created or registered before that date will have one year (until January 1, 2025) to file their initial reports, while reporting companies created or registered [...]
Regulators Focusing Monitoring on Organizations Serving Fintechs
Earlier this year, the Federal Deposit Insurance Corporation (FDIC) issued an enforcement action against Cross River Bank, noting it had engaged in unsafe and unsound banking practices related to its compliance with Fair Lending laws and regulations by failing to establish and maintain internal controls, information systems, and prudent credit underwriting practices. One day prior to the public release of the consent order, the CEO of Cross River Bank mentioned how regulators are monitoring firms that serve fintechs amid the recent volatility in the banking sector. He also stated, “Regulatory scrutiny on banks in general is increasing and the [...]
FAQs – The Current Regulatory Environment and the Bank Term Funding Program
March has been a very active month in the financial services industry. In addition to new regulations becoming active, there have been several bank failures which is affecting how banks are looking at their policies and procedures. BAI has put together an FAQ document helping explain what is going on and what banks can do to make sure they don't run into the issues that caused the other banks to fail. Read BAI's "FAQs - The Current Regulatory Environment and the Bank Term Funding Program - (March 2023*)" to learn more.
Resources from BAI.org
In the latest BAI Executive Report, we examine new customer acquisition, the leading issue identified in the 2023 BAI Banking Outlook survey.
Security experts weigh in on how banking institutions can keep customers safer without bogging down their mobile user experience.
To realize the full potential of their acquisition efforts, banks need an intense focus on customer engagement to build and sustain sticky relationships.
Ask an Expert
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If you have any compliance questions or challenges, we have experts on hand to provide you with direct feedback. Please submit your questions to [email protected] and our experts will deliver compliance support straight to your inbox.
Click the button below to view answers to some frequently asked questions.