Remove Article Remove Regulation Remove Risk Management
article thumbnail

Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Would you like other articles like this in your inbox? Model Risk Management in the spotlight. FDIC Update.

article thumbnail

Crafting an effective CECL Q factor framework for stronger risk management

Abrigo

Learn best practices to adjust for risk. Would you like other articles on CECL and Q Factors in your inbox? Documentation and support: Regulators expect transparency in the CECL Q factor process. Institutions should regularly review and update their Q factors to ensure they reflect current conditions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Effective model risk management and model validation in banking

Abrigo

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Would you like other articles like this in your inbox? What are model risk management and model validation? MRM and model validation regulations.

article thumbnail

Cyber Complications for Vendor Risk Management

Abrigo

The following article was first published in ABA Banking Journal on October 17, 2019. Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. Portfolio Risk & CECL. Cyber Complications for Vendor Risk Management.

article thumbnail

Cyber Complications for Vendor Risk Management

Abrigo

The following article was first published in ABA Banking Journal on October 17, 2019. In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. It is critical that banks stay current with regulatory expectations and potential risks.

article thumbnail

Avoiding AML compliance penalties – Tips from a former regulator

Abrigo

Would you like other articles like this in your inbox? Takeaway 1 Understand the risks associated with your customers beyond the surface level. Takeaway 2 Identify concentrations of risk and try to level out potential clusters. Significant risk doesn't always mean a big reward for financial institutions.

article thumbnail

The most popular CECL, ALM, & portfolio risk blogs of the year

Abrigo

Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators.