Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. State Regulations. SEC Regulation.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

NOVEMBER 8, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation Risk Management Policies Compliance 221

Insights on Business

JUNE 18, 2019

Risk brings rewards. Risk management professionals are comfortable with ideas about growth curves and early versus late investment. Risk management demands a lot of data from many different sources, and traditional database management systems are too slow for the granular analytics needed today.

Risk Management 185

Risk Management Technology Management Big Data 185

Perficient

OCTOBER 24, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Perficient

OCTOBER 30, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation FDIC Compliance Innovation 221

Perficient

NOVEMBER 4, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

FDIC 170

FDIC Regulation Risk Management Compliance 170

Perficient

NOVEMBER 6, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation Compliance Analytics System 221

Perficient

AUGUST 3, 2023

Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands.

Industry 83

Industry Risk Management Customer Experience Fraud 83

Perficient

SEPTEMBER 15, 2021

Standards the Federal Reserve Must Apply: (i) Risk-based Capital Requirements and Leverage Limits. (ii) iii) Overall Risk Management Requirements including the Formation of a Risk Committee. (iv) ii) Liquidity Requirements. iv) Resolution Plan and Credit Exposure Report Requirements. (v) v) Concentration Limits. (vi)

Capital 90

Capital Risk Management Regulation Management 90

Abrigo

OCTOBER 23, 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. The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased.

Risk Management 150

Risk Management Management Security Lending 150

Bobsguide

AUGUST 26, 2020

The pressure is on for financial institutions (FIs) to adopt climate risk models as regulators and shareholders zero in on environmental, social and governance (ESG) factors. “[Climate risk assessment] is absolutely going to be required to be done, but we’re seeing the banks moving.

Risk Management 179

Risk Management Management Regulation 179

Abrigo

OCTOBER 9, 2024

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. This is particularly important during periods of economic volatility, regulatory change, or significant portfolio shifts.

Risk Management 195

Risk Management Management Compliance Data 195

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. A lot of companies are not [there] in terms of their business plan, in terms of their risk management process, in terms of their overall management,” he said. “A

Regulation 192

Regulation Fintech Phoenix Risk Management 192

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

Cisco

JUNE 7, 2022

While operational risk is not a contributing factor in a pandemic, the COVID-19 pandemic’s impact on financial services’ digitization does correlate with a material rise in cyber risk. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. Takes Partners.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

System 195

System Regulation How To Lending 195

American Banker

FEBRUARY 12, 2024

Since 2020, Citigroup's regulators have been pressuring the company to clean up its risk management systems. The megabank recently received three notices of matters requiring immediate attention, and it also failed regulatory exams, Reuters reported.

Risk Management 74

Risk Management Regulation Management Report 74

Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. Introduction It’s not you. It’s the guidance.

Management 221

Management Risk Management Regulation Compliance 221

Abrigo

DECEMBER 22, 2023

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.

Risk Management 221

Risk Management Regulation Management Lending 221

Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Build a reliable risk management strategy using accurate estimations and predictions. This blog was co-authored by Carl Aridas and Joel Thimsen.

Industry 221

Industry Regulation Compliance Data 221

Chris Skinner

DECEMBER 16, 2019

Things we’re reading today include … $5 billion flee Hong Kong funds amid unrest Australian regulator investigates Westpac directors, executives after scandal Banks have learnt their lesson on risk management Will the UK really turn into ‘Singapore-on-Thames’ after Brexit?

Risk Management 231

Risk Management Regulation Management 231

Abrigo

SEPTEMBER 20, 2023

Regulators take risk seriously, and knowing just how much risk your institution can take while remaining compliant is essential. Significant risk doesn't always mean a big reward for financial institutions. FinCEN said this was done with little to no risk management program.

Compliance 150

Compliance Regulation Miami Fraud 150

Perficient

SEPTEMBER 16, 2022

To counteract and minimize such risks, the Fed’s Supervisory Letter required that prior to engaging in any crypto-asset-related activity, a supervised banking organization must first ensure such activity is legally permissible and determine whether any filings are required under applicable federal or state laws. The Home Owners’ Loan Act.

Compliance 275

Compliance Risk Management System Regulation 275

PYMNTS

JULY 22, 2020

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release.

Regulation 140

Regulation Bitcoin Cyber Security cryptocurrency 140

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. What’s Next? But please, don’t get cocky.

Regulation 167

Regulation blockchain Marketing Strategy 167

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. First, they must evaluate whether their institution is prepared to insert AML risk management procedures into the transaction process to match the speed FedNow can offer.

Fraud 221

Fraud Risk Management Training Software 221

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." Regulators foster prudent loan modifications.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

NOVEMBER 12, 2020

Mastercard’s Vocalink’s clearing and settlement solution supports Payments Canada requirements, including ISO 20022 and the Bank of Canada’s risk management standards. “As The RTR is expected to launch in 2022 and will be operated by Payments Canada and regulated by the Bank of Canada.

Payments 345

Payments Innovation Risk Management System 345

Perficient

MARCH 23, 2021

2052A Regulatory Calculations are available from Oracle FS Liquidity Risk Management. Federal Reserve Calculation of LCR, Modified LCR, FR 2052a (5G) Template, Regulation YY LCR, and pre-configured LCR scenario. 2052a validation checks are provided in the Oracle FSA-Lombard Risk Integration Pack. The system includes U.S.

Report 294

Report Tools Risk Management Data 294

Abrigo

NOVEMBER 22, 2024

This article covers these key topics: Benefits of FRAML for risk management Potential drawbacks of the FRAML approach Factors to consider in decision-making What is FRAML? At its core, FRAML is about taking a more holistic approach to financial crime risk management. Staying on top of fraud is a full-time job.

Fraud 195

Fraud Training Risk Management Compliance 195

Abrigo

DECEMBER 22, 2023

keep me informed download How to create a sound credit risk rating system Banks and credit unions often use a standardized risk rating system for internal monitoring of credit risk. Regulators stress the importance of accurate and timely risk ratings, especially during economic uncertainty.

Lending 221

Lending Risk Management Community Management 221

Abrigo

NOVEMBER 18, 2024

Prepare for regulator scrutiny on interest rate risk & liquidity Banks and credit unions that aren't paying attention to these critical issues can expect a tough review. With the uncertain economic outlook, regulators and examiners have been regularly conveying their top priorities for banks and credit unions.

Risk Management 195

Risk Management Regulation Policies Management 195

PYMNTS

JANUARY 26, 2021

“The main objective of this project launched together with WizKey is to support banks in managing credits, especially non-performing ones, in a standardized and secure manner in line with the indications of European regulators,” said Daniele Savarè, director of Innovation & Business Solutions at SIA, in the release.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

Perficient

JANUARY 16, 2024

Regularly review and update policies annually to ensure compliance with current rules and regulations. Ensure all employees , including senior management , are aware of and adhere to those policies. READ MORE: Developing a Third-Party Risk Management Tool Are you ready to optimize your business?

Compliance 221

Compliance Guidelines Policies Risk Management 221

Abrigo

FEBRUARY 6, 2024

Credit unions must craft a formal strategy, establish robust policies, and engage in ongoing reviews to identify and mitigate potential risks. Board involvement is not only a regulatory requirement but also a means to ensure safety, soundness, and adaptability to changes in lending regulations or institution-specific strategies.

Lending 221

Lending How To Risk Management Policies 221

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. While there are no specific technical requirements, the Department of Justice states, “…The absence of a specific regulation does not serve as a basis for noncompliance with a statute’s requirements”.

UX 531

UX Guidelines Compliance Study 531

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

Risk Management 195

Risk Management Handbook Analysis Management 195