Abrigo

OCTOBER 9, 2024

Today, Q factors offer a way to adjust for risks that aren't fully captured in historical data or quantitative models. In this blog, we explore how banks and credit unions have adapted their approach to Q factors under CECL and share insights from an Abrigo advisory webinar on managing this critical part of the ACL process.

Risk Management 195

Risk Management Management Compliance Data 195

Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Risk Management 150

Risk Management Management Analysis Resources 150

Abrigo

JUNE 8, 2017

To provide bank management and the board with an objective assessment of credit quality and ongoing portfolio management 3. To serve as a critical component of a comprehensive, enterprise-wide, risk management practice 4.

Risk Management 150

Risk Management Management Policies Lending 150

Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Here are the top resources.

Resources 221

Resources Risk Management eBook Strategy 221

Abrigo

OCTOBER 21, 2020

This post by Hayley Collier , Trepp's Marketing Communication Specialist, was originally published on Trepp's blog and can be found here. He does not expect this trend to stop but we are seeing some interesting innovations from student housing and lodging operators around college campuses. . Credit Risk Management.

Marketing 312

Marketing Lending Risk Management Retail 312

Abrigo

FEBRUARY 6, 2024

In this blog post, we will delve into the strategies and policies credit unions can adopt to ensure the success and profitability of their MBL programs. It also recommends including projections related to loan pricing, operating expenses, and delinquency.

Lending 221

Lending How To Risk Management Policies 221

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” Assess risk management structures. Update the scope and frequency of risk management reporting.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

Perficient

JUNE 11, 2020

In the final installment of this blog series, I look at the future of pharmacovigilance. Remember the tenants of safety surveillance, but also the total risk management system. Previously , I discussed how pharmacovigilance can work, when implemented correctly. Fit-for-Purpose Pharmacovigilance Analytics.

Analytics 309

Analytics Risk Management System Analysis 309

Abrigo

DECEMBER 17, 2019

There are many operators of mule networks offering their services on the Dark Web. Not surprisingly, these operators have prepared for Black Friday and Cyber Monday, mainly by increasing mule capacity to satisfy the high demand during the holiday shopping. Lending & Credit Risk. Lending & Credit Risk. Learn More.

Fraud 307

Fraud Tools social media Cards 307

Perficient

MAY 30, 2024

The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. Comey as well as topical discussions spanning regulatory risk, market abuse, and leveraging technology in automation (RPA), data analytics and ML/AI.

Compliance 221

Compliance Industry New York social media 221

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. Historically, the operational functions of fraud and AML/CFT have remained wholly or partially siloed. download NOW Takeaway 1 Fraud losses totaled $485.6 billion globally last year.

Fraud 221

Fraud Risk Management Training Software 221

Abrigo

DECEMBER 29, 2023

Aside from formal training, one way that banks and credit unions can ensure staff are attuned to the latest regulations and best practices is by routinely sharing lending and credit risk resources. You can unsubscribe at any time, and you’ll hear about resources, webinars, new blog posts, and other information right away.

Resources 221

Resources Lending Risk Management Policies 221

Perficient

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

Risk Management 221

Risk Management Compliance Fraud Operations 221

Cisco

SEPTEMBER 7, 2021

Operational risk management. These four themes paint a picture of the four primary areas of financial services operations. Over the next several weeks, we will have a blog around each of our nine financial services use cases, to better understand the top focus areas of the financial services industry.

Industry 173

Industry Risk Management Operations Trends 173

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

Operations 118

Operations Software Risk Management Management 118

Perficient

SEPTEMBER 16, 2022

Financial stability – Certain types of crypto-assets, such as stablecoins, if adopted at large scale, could also pose risks to financial stability, potentially through destabilizing runs and disruptions in the payment systems. Financial risk. Determining Legality.

Compliance 275

Compliance Risk Management System Regulation 275

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Abrigo

OCTOBER 29, 2014

• Board risk parameters, adequacy of staffing, succession planning and audit. Asset and Liability Management: Asset and liability risk management was deemed a concern as continued low interest rates and pressure on traditional earnings sources cause many banks to increase long-term asset holdings.

Rhode Island 236

Rhode Island District of Columbia New Jersey West Virginia 236

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

Abrigo

DECEMBER 23, 2022

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Would you like other articles like this in your inbox? For rookies and experts.

Resources 195

Resources Risk Management Study Strategy 195

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." CRE loan accommodations.

Management 195

Management Risk Management Policies Lending 195

Abrigo

OCTOBER 17, 2023

More recently, the OCC identified change management as one of its supervision priorities for the year ahead. Change management strategies involve clear communication, training, and support mechanisms, fostering a positive environment where employees feel valued and engaged, even amid change.

Management 195

Management Lending Risk Management Strategy 195

BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. Cyber attacks are regularly cited as one of the top risks faced by firms in the financial sector and one of the most challenging to manage. Rachel Adeney and Amy Fraser.

Operations 126

Operations Policies System Regulation 126

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

Analysis 195

Analysis Industry Risk Management Lending 195

Abrigo

MARCH 31, 2017

Commercial real estate lending continues to receive regulatory scrutiny and reminders for financial institutions to practice solid risk management. Eberley, director of the FDIC's Division of Risk Management Supervision wrote in the publication. Image credit: Benjamin Child via Unsplash.

FDIC 186

FDIC Risk Management Analysis Lending 186

Abrigo

MAY 2, 2024

In this blog, we will explore best practices and strategies for small business lending. By the end of this blog, you'll have a comprehensive understanding of how to optimize small business lending within your financial institution. This structure ensures that the lending process is efficient and follows a standardized approach.

Lending 221

Lending Strategy Analysis Policies 221

Perficient

JUNE 25, 2024

Co-pilots: Software supported and enabled traders to operate more efficiently and swiftly. Agents: Computers executed trades autonomously based on algorithms programmed by software developers. Understanding the Different AI Phases Hsu highlighted that each phase requires different risk management strategies and controls.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Abrigo

DECEMBER 7, 2021

Banks and credit unions with $500 million to $3 billion in assets roughly split evenly between those that outsource and those that operate in-house. Credit Risk Management. Lending & Credit Risk. Risk Ratings. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk.

Risk Management 195

Risk Management Lending Survey Report 195

Abrigo

MAY 11, 2020

Security breaches involving cloud computing highlight the importance of sound security controls and a clear understanding of cloud service providers’ risk management policies. A risk - based due diligence process is critical in vetting out vendors that do not meet the organization ’ s risk appetite. Learn more.

Data 195

Data Training Risk Management Software 195

Abrigo

FEBRUARY 6, 2024

Yet despite warnings about the high prevalence and high costs of check fraud, many banks and credit unions operate without systematic fraud prevention programs or lack the technology to combat check fraud. The uptick in check fraud at financial institutions across the country has been well-publicized and emphasized by regulatory agencies.

Fraud 221

Fraud Training Trends Regional 221

Abrigo

JUNE 18, 2020

Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. 15 due to compliance with specific health and safety requirements as outlined in the PPP Flexibility Act. C&I Loans. CRE Lending. SBA Lending. How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies. Learn More.

Lending 293

Lending Strategy Risk Management Compliance 293

Abrigo

APRIL 12, 2016

Directors overseeing a bank’s operations are important partners in supervisory efforts, the FDIC noted in the article (“A Community Bank Director’s Guide to Corporate Governance: 21st Century Reflections on the FDIC Pocket Guide for Directors.”). Risk management culture What exactly is a risk management culture?

Management 150

Management FDIC Risk Management Community Bank 150

Abrigo

JUNE 4, 2020

Another, more vague exemption involves the borrower documenting an inability to return to the same level of business activity that the business was operating at before Feb. Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Credit Risk Management.

Lending 195

Lending Risk Management Management Community 195

Abrigo

JANUARY 24, 2024

The FDIC bid process is highly confidential and typically operates within a short window before the FDIC officially closes a bank and declares a successful acquirer. For example, adopting the current expected credit loss standard (CECL) required a well-planned strategy and ample time dedicated to the operational and technical transition.

FDIC 195

FDIC Regulation Strategy Data 195

Abrigo

SEPTEMBER 7, 2023

Often, those alerts mostly likely are routed to the operations area of the financial institution. Raise your hand about ACH risks. The operations area should communicate with the BSA/AML area if this function is failing. ACH warnings/exceptions matter. Don’t ignore warnings and exceptions generated from the ACH system.

Fraud 221

Fraud Training System Trends 221

Insights on Business

OCTOBER 23, 2019

IBM OpenPages with Watson has been named one of the 2019 Gartner Peer Insights Customers’ Choice for Integrated Risk Management Solutions. as discussed in my previous blog. Gartner, Magic Quadrant for Integrated Risk Management Solutions, July 2019, Magic Quadrant for IT Risk Management, July 2019.

Risk Management 125

Risk Management Compliance Management Policies 125

Abrigo

DECEMBER 1, 2014

The Board must also ensure that risk management practices are commensurate with the level of complexity of the loan portfolio, according to the National Credit Union Association (NCUA). Many credit unions underestimate the resources and expertise needed to implement a successful program without exceeding risk appetite.

Strategy 186

Strategy How To Resources Lending 186