Record retention compliance is crucial. In developing an effective records- retention and destruction policy, financial institutions must identify which records must be retained; determine how to store, retrieve, and destroy records; and when and how to implement a litigation hold.
- Know why a record retention and destruction program is essential
- Develop general elements of a good program
- Understand legal and statutory requirements
- Manage third-party risk
- Deal with discovery issues and litigation holds
Learn how to devise and implement an effective records retention and destruction program, combining people, processes, and appropriate technology to meet compliance requirements, corporate goals, and litigation hold requirements. While retaining records is essential to meet regulatory, business, and other legal requirements, destroying records is equally important – and that includes electronic records, too.
Phillip Buffington, Adams and Reese, LLP
Phil Buffington is a partner with Adams and Reese LLP. For over 30 years he has served as a trusted advisor to community, regional, and national financial institutions on a wide range of topics, including regulatory issues, mergers and acquisitions, lending, bankruptcy, litigation, arbitration, and more. Now he focuses on counseling and transactions, including regulatory issues, M&As, securities, and commercial lending. In addition, he brings the experience of a seasoned litigator.