Correspondent Bank Registry

• US 20110131125A1
• Filed: 02/03/2011
• Published: 06/02/2011
• Est. Priority Date: 03/20/2001
• Status: Abandoned Application

• Current Assignee: Regulatory DataCorp, Inc. (Moody's Corporation)
• Original Assignee: Regulatory DataCorp, Inc. (Moody's Corporation)
• Inventors: Young, Carl, Lawrence, David
• Application Number:
  US13/020,709
• Publication Number:
  US 20110131125A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06F 21/577 Assessing vulnerabilities and evaluating computer system security
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 40/10 Tax strategies

Abstract

Methods and systems are provided for facilitating the transfer of information relating to risk management, such as, for example information directed towards compliance with the USA PATRIOT Act and certification of a foreign correspondent bank. Generally, the a foreign bank or other entity can provide a risk management clearinghouse with information relating to compliance with government requirements, or other information, and allow the risk management clearinghouse to convey to information in whole or in part to interested parties. Centralized distribution of certification related information can facilitate consistent and accurate compliance with government related requirements.

Claims

1. A method for managing risk associated with a correspondent account, the method comprising:

receiving risk management certification information from a foreign bank;

storing the information in a computer server;

receiving a request for particular certification information; and

transmitting the particular certification information.

2. The method of claim 1 additionally comprising the step of receiving a request to register certification information.

3. The method of claim 1 additionally comprising the step of transmitting certification registration materials.

4. The method of claim 1 additionally comprising the steps of receiving a request for guidance relating to providing certification and responding to the request.

5. The method of claim 1 additionally comprising the step of docketing information relating to the certification information received.

6. The method of claim 1 additionally comprising the step of ascertaining the completeness of the certification information received.

7. The method of claim 1 additionally comprising the step of notifying appropriate of administrative obligations.

8. The method of claim 1 additionally comprising the steps of receiving updated information relating to the certification and transmitting the updated information to appropriate parties.

9. The method of claim 1 additionally comprising the step of requesting authorization to convey certification information.

10. The method of claim 1 additionally comprising the step of archiving actions taken relating to certification.

11. A method for managing risk associated with a correspondent account, the method comprising:

receiving information descriptive of a risk management certification from an entity, wherein the information received comprises a designated network address of a resource storing a risk management certification described by the information;

receiving a request for information relating to the entity described by the risk management certification; and

conveying the designated network address of the network resource storing the risk management certification responsive to the request for information.

12. The method of claim 11 additionally comprising the step of receiving authorization

from the entity to convey the designated network address.

13. The method of claim 11 additionally comprising the steps of:

receiving a notice of an updated risk management certification and a designated network address of a network resource containing the updated risk management certification;

and transmitting the notice of an updated risk management certification and a designated network address of a network resource containing the updated risk management certification to one or more recipients.

14. The method of claim 11 additionally comprising the step of transmitting a notification comprising a renewal date.

15. A computerized system for managing risk associated with a correspondent account, the system comprising:

a computer server accessible with a system access device via a communications network; and

executable software stored on the server and executable on demand, the software operative with the server to cause the server to;

receive risk management certification information from a foreign bank;

store the information in a computer server;

receive a request for particular certification information; and

transmit the particular certification information.

16. The computerized system of claim 15 wherein the server comprises a proprietary risk management server.

17. Computer executable program code residing on a computer-readable medium, the program code comprising instructions for causing the computer to:

receive risk management certification information from a foreign bank;

store the information in a computer server;

receive a request for particular certification information; and

transmit the particular certification information.

18. A computer data signal embodied in a digital data stream comprising data relating to a correspondent account, wherein the computer data signal is generated by a method comprising the steps of:

receiving risk management certification information from a foreign bank;

storing the information in a computer server;

receiving a request for particular certification information; and

transmitting the particular certification information.

19. A method of interacting with a network access device so as to manage risk relating to a correspondent account, the method comprising the steps of:

initiating interaction with a risk management server via a communications network;

requesting a risk management certification for a particular foreign bank; and

receiving a copy of a risk management certification.

20. The method of claim 19 additionally comprising the step of receiving an update to the risk management certification.

21. The method of claim 19 wherein the risk management certification comprises information asserting compliance with the USA PATRIOT Act.