March 10

BOLI in the Crosshairs: The Consequences of Basel III on Banking Compliance and Liability

By Brian W. Smith, Managing Director, Smith Regulatory Strategies, and Chad Burhance, Partner, NewOak In comparison to Basel I and II rules, the recently implemented Basel III regulations (the Regulations) will alter the treatment of bank-owned life insurance (BOLI) separate accounts dramatically. In short, the Regulations require bank management to examine the portfolios of bank-owned.