Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls.

Fraud 195

Fraud Compliance Examples Analysis 195

Abrigo

SEPTEMBER 22, 2021

CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases. New Disclosures under CECL New disclosures under CECL, the current expected credit loss model , might not be the top concern of financial institutions shifting to the updated accounting standard in 2023. Credit Quality.

Security 195

Security Examples National Report 195

Abrigo

MARCH 31, 2023

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. The National Credit Union Administration (NCUA) emphasized interest rate, liquidity, and credit risk as the main areas for concern in its 2023 letter.

Risk Management 195

Risk Management Policies Capital Maine 195

Independent Banker

OCTOBER 1, 2022

It has implications for everything from regulatory compliance and risk management to a bank’s ability to engender trust in its customers. The privacy of customers’ personal information is at the forefront of every community banker’s decisions, says Steven Estep, ICBA assistant vice president of operational risk. Effective Jan.

Data 91

Data How To Community Bank California 91

FICO

FEBRUARY 1, 2023

By the time they’re flagged as being at-risk it may be too late to avert the slide into delinquency. Regulators have been pressing for banks and lenders to ensure they’re working at the speed and scale of their market — or even faster. It’s driven by a combination of inflation, rising interest rates and higher energy costs.

Management 52

Management Fraud Strategy Analysis 52

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank.

Fintech 194

Fintech Community Regional Technology 194

Abrigo

JULY 7, 2022

What Will Auditors and Regulators Expect with CECL Accounting? A panel of CECL accounting experts described how auditors and regulators are viewing various aspects of implementation. . Takeaway 2 Auditors and regulators don't have preconceived expectations about how CECL reserves might change for an institution.

Regulation 195

Regulation Management Video Data 195

Abrigo

MARCH 17, 2022

The Stress Test Scenarios for Big Banks Are Useful for Smaller Institutions' Own Tests Banking regulators recently released the 2022 scenarios for upcoming stress tests by the biggest banks. Prudent stress testing as a risk management tool helps the enterprise see where the potential pitfalls are in their plans.

Capital 195

Capital Regulation Risk Management Community 195

Abrigo

JULY 28, 2021

Takeaway 1 The 2023 deadline for CECL implementation is coming, and many SEC filers have said they would have started earlier. . CECL has been in the works for more than a decade, and regulators have repeatedly urged bankers to prepare for what the American Bankers Association has called the biggest change to bank accounting ever.

Resources 195

Resources San Antonio Data Regulation 195

Abrigo

JULY 28, 2021

Takeaway 3 With just a year and a half left before the 2023 effective date, FIs on the incurred loss model must remain diligent and committed to their implementation timeline. Shortly after, COVID-19 was declared a national emergency, sparking stay-at-home orders and other mandates. Preparing for 2023. Portfolio Risk & CECL.

Risk Management 195

Risk Management Operations Trends Data 195

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

social media 195

social media FDIC Branding Management 195

Abrigo

JUNE 15, 2023

has lagged in passing laws and regulations preventing criminal proceeds from flowing into real estate. national security and the integrity of the U.S. The comment period for the proposed rule, Anti-Money Laundering Regulations for Real Estate Transactions , ended in February 2022, but a final rule has yet to be issued.

Training 195

Training Regulation Compliance System 195

FICO

JANUARY 5, 2023

Four 2023 U.S. Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. Thu, 01/05/2023 - 15:45. For those in the financial services industry, 2023 will be the year when U.S. FICO Admin. Tue, 07/02/2019 - 02:45.

Policies 52

Policies Company Regulation Risk Management 52