Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. .

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." Have a playbook.

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

OCTOBER 7, 2020

Federal banking regulators have fined Citigroup $400 million, ordering the third-largest U.S. bank to fix the "significant ongoing deficiencies" in its risk management systems, The Wall Street Journal (WSJ) reported. According to WSJ, the bank failed at data management, regulatory reporting and capital planning.

Risk Management 230

Risk Management System Management Regulation 230

Abrigo

AUGUST 1, 2022

Takeaway 2 Even small banks or credit unions not regulated by the Federal Reserve are required to address control risks from models. What are model risk management and model validation? MRM and model validation regulations. Effective challenge is a requirement for banks regulated by the Federal Reserve or OCC.

Risk Management 195

Risk Management Management Regulation Analysis 195

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

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

Banking Exchange

JULY 21, 2021

Announcement follows upsurge of fintech partnerships and industry demand for better alignment on guidance Compliance Risk Management Feature3 Feature Duties Compliance Management.

Risk Management 78

Risk Management Management Fintech Regulation 78

American Banker

OCTOBER 25, 2024

and Texas banking regulators issued consent orders against Industry State Bank, Fayetteville Bank, and Citizens State Bank requiring major overhauls of their management, capital, and risk controls. The Federal Deposit Insurance Corp.

Texas 66

Texas Risk Management Management FDIC 66

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . Portfolio Risk & CECL. Cyber Due Diligence.

Risk Management 150

Risk Management Management Lending Fraud 150

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

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

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

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

PYMNTS

JUNE 25, 2018

Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. He noted that in the financial services realm, firms are already heavily regulated and they struggle with the looming threat of consequences, should shortcomings arise, when it comes to risk management.

Risk Management 167

Risk Management Management Strategy Compliance 167

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Risk Management. AI may be used to augment risk management and control practices. The challenge is to ensure that the software being developed is not coded with biases. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

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

PYMNTS

JUNE 1, 2020

We have made — and continue to make — transformative changes to our risk management structure and practices, including important work to provide greater oversight of all risk-taking activities and a more comprehensive view of risk across the company,” he said, according to the press release.

Risk Management 130

Risk Management Management Strategy Operations 130

Abrigo

OCTOBER 14, 2014

When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. This can go a long way in improving consistency in your institution’s risk management process.

Risk Management 223

Risk Management Management Taxes Analysis 223

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

Insights on Business

JANUARY 3, 2019

Cybersecurity risk is at or near the top of every list of concerns for these institutions. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. Three pillars of cyber risk management on the cloud. Implementing an effective, end-to-end cyber risk framework.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Abrigo

SEPTEMBER 27, 2017

The hundreds of people attending the 2017 Risk Management Summit hosted by Sageworks heard from dozens of thought leaders in the financial services industry. The Sageworks Risk Management Summit is the industry’s leading life-of-loan conference, with topics spanning business development through portfolio risk in a CECL world.

Risk Management 150

Risk Management Management Denver Chicago 150

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

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

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 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

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

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. How did we get here? What are HVCRE loans?

Risk Management 150

Risk Management Management Capital Lending 150

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. All are retiring in April, May or June.

Risk Management 100

Risk Management Management Compliance Groups 100

Celent Banking

DECEMBER 13, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. " www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

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

Banking Exchange

JANUARY 6, 2023

Regulators have started 2023 with warnings surrounding investment in crypto for banks Risk Management Feature Feature3 Blockchain Bitcoin Cryptocurrency Digital Compliance Compliance/Regulatory.

Regulation 78

Regulation Risk Management Compliance Bitcoin 78

American Banker

FEBRUARY 1, 2024

The Office of the Comptroller of the Currency fined City National Bank $65 million for a litany of risk management problems, including inadequate management of third-party risks and fraud risk management.

Risk Management 36

Risk Management National Management Fraud 36

PYMNTS

APRIL 26, 2018

While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast.

Risk Management 136

Risk Management Management Compliance Regulation 136

Abrigo

OCTOBER 11, 2014

More than 140 bankers and industry experts from over 30 states gathered in Nashville, Tennessee last month for the 3rd annual Risk Management Summit hosted by Sageworks. Many are feeling added pressure from their regulators, and one attendee mentioned the “stress testing ideas and requirements were beneficial.

Risk Management 191

Risk Management Management Nashville Leadership 191

Celent Banking

DECEMBER 12, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. ” www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

American Banker

SEPTEMBER 8, 2023

Regulators and the public are still concerned about the condition of the banking system. Bankers can't afford to look away.

Risk Management 90

Risk Management Management Regulation System 90

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