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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.

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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.

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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.

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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.

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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.

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The importance of balancing loan portfolio growth and risk management

Abrigo

But how can this growth be managed appropriately? CEIS Review , a New York-based bank consulting firm, highlights the shift in a recent article. Community banks certainly want to remain conservative with risks and follow regulations. Examples include the loan sample, consumer loan portfolio and documentation review.

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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.