E1BINDEX 10/28/2009 13:23:42 Page 383
audit committee, 308, 309
audit policy, 295, 307–313
bankers, recruiting and interviewing,
328, 329
change of control, approval for,
291–293
commodity indexation rule, use of, 103.
See alsoCommodity indexation
community participation and
networking, 329–331
credit analysts, 325–328, 336
credit cards, 297, 352
customer service, 329–331
debit cards, 297, 352
external auditors, engagement letter,
309–312
fatwa and Shari’aa, sources of, 353
internal controls, 323, 324
and LARIBA, 280–282, 285–287
M-Fund, 340
management, 342
mark-to-market rule, use of, 103
market research, 329, 330
Memorandum of Understanding
(MOU), 289, 291
non-sufficient funds (NSF) checks,
handling, 323, 331, 340, 342, 349
Open University, 307, 331–337
operation of, 295–305
privacy policy, sample letter to
customers, 176–178
private bankers, 324–326
restructuring and workout plan,
296–305
restructuring as RF bank, 342–355
risk-based audit analysis computer
program, 167, 168
staff, building, 305–307, 328, 329
Strategic Credit Assessment Group
(SCAG), 345
success of, 103, 267, 277, 379, 380
training program, 304, 307, 331–337
Web site, 1, 294
Bank regulation
board of directors and management,
164, 165
compliance, 164–166
internal controls, 166–168, 323, 324laws and regulations.SeeBanking laws
and regulations
Office of the Comptroller of the
Currency (OCC).SeeOffice of the
Comptroller of the Currency (OCC)
Bank Secrecy Act (BSA), 181, 183, 295,
311, 323, 335
Bank stock, 159, 161
BankersOnline, 167
Banking laws and regulations
and acceptance of LARIBA model, 240
anti-money laundering programs, 181
Bank Secrecy Act (BSA), 181, 183, 295,
311, 323, 335
charters and licensing, 160, 161, 288,
380
Community Reinvestment Act (CRA),
162, 179, 180, 251, 287, 305, 355,
380
compliance with law of the land, 9–11,
201, 245–248, 318, 320
Consumer Credit Protection Act, 170
enforcement, 135
Equal Credit Opportunity Act (ECOA),
169–172
examination of banks for safety and
soundness, 181–187
Fair Credit Reporting Act, 180, 181
Fair Housing Act (FHA), 170
Fair Lending Act, 336
Flood Disaster Protection Act, 186
Glass-Steagall Act, 133, 135, 377
Gramm-Leach-Bliley Act (GLBA), 335
Home Mortgage Disclosure Act
(HMDA), 172–174
Home Ownership and Equity Protection
Act, 173
and Judeo-Christian-Islamic values, 168,
169
overview, 154–156
as part of Shari’aa requirements, 252
property, ownership of, 206, 211, 232,
253
purpose of, 231, 232, 320
regulations, 56, 169–181, 186, 210,
232, 269, 284, 348, 349
Right to Financial Privacy Act, 186, 187
training program for staff, 335–337Index 383