Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Would you like other articles on loan review in your inbox? Takeaway 2 However, a loan review or credit risk review program should accomplish several key objectives.

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System Lending Policies Regulation 195

Independent Banker

APRIL 30, 2022

For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. But if they see it as a risk management tool, it’s a game changer. By Susan Springer.

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Oregon Community Bank Community Meeting 91

Abrigo

NOVEMBER 17, 2023

The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Institutions must invest not only in advanced security measures and skilled personnel but also in client education and community engagement to combat fraud effectively. Measuring the cost of fraud losses.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

APRIL 1, 2015

Unfortunately, the recent economic crisis highlighted shortcomings in boards’ understanding of risks and the proper oversight of those risks. A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards.

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Abrigo

SEPTEMBER 5, 2023

In this article, I'll cover what a credit exception is, recommendations for creating loan/credit exceptions, and tips for developing an exception policy for the financial institution. Generally speaking (subject to Regulation B), business loans should be guaranteed by the principals of the borrower. Talk to a specialist to learn more.

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Policies Lending Risk Management Examples 195

Abrigo

SEPTEMBER 10, 2021

Would you like other articles like this in your inbox? Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. The importantance of the BSA tole came to be paramount to the entrie risk management program and included as part of the federal safety and soundness examinations.

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Training Risk Management Pennsylvania Resources 195

Abrigo

JULY 21, 2021

Would you like others articles like this in your inbox? For example, a joint report is issued annually by the FBI, the Secretary of Homeland Security, and the Director of National Intelligence that assesses domestic terrorism and related data. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

Training National Strategy Regulation 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

FEBRUARY 9, 2015

CEIS Review , a New York-based bank consulting firm, recently published an article on these systems in their newsletter, The CEIS Quarterly. The article cites a lack of specific requirements and standard models for credit risk rating systems. The board of directors should approve the credit risk rating system.

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System Handbook New York Risk Management 150

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

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Community Bank Compliance Risk Management Community 70

Abrigo

SEPTEMBER 22, 2021

See below for key takeaways of this article. PCD Disclosures Some disclosures are the same, but disclosures tied to PCD accounting and AFS debt securities are changing under CECL. Portfolio Risk & CECL. Portfolio Risk & CECL. 4 Steps for Integrating CECL and Other Risk Management Models. Learn more.

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Security Examples National Report 195

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. In granting this charter, the OCC applied the same rigorous review and standards applied to all charter applications.

Compliance 78

Compliance Digital Banking Training South Dakota 78

CB Insights

NOVEMBER 2, 2017

It’s been nearly a decade since the financial crisis exposed how a weak risk management framework and lack of governance can almost permanently debilitate even one of the strongest capital markets. The volume of regulation has created more surface area for compliance gaps. Look for Regtech in the Collections tab.

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Compliance Regulation blockchain Software 72

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. Another reason for reluctance about generative AI is the highly regulated nature of banking.

Examples 221

Examples Fraud Resources Risk Management 221

Abrigo

DECEMBER 22, 2023

Abrigo's top AML/CFT articles The FinCrime blogs banks and credit unions are reading Cannabis legislation, check fraud, and exam-proof best practices are hot topics that anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud professionals will be tracking in the coming months.

Fraud 221

Fraud Training Compliance Trends 221

Jeff For Banks

JULY 9, 2012

Morgan CEO, Jamie Dimon, uttered the words “tempest in a teapot” to describe the issues raised in articles by the Wall Street Journal in April regarding the risks of huge complex credit derivatives trades by J.P. Dimon and his bank have long been viewed as one of the best run banks in the world and leaders in risk management.

Taxes 66

Taxes Washington Risk Management Marketing 66

Abrigo

JUNE 15, 2023

Protect the financial institution from money laundering through real estate FinCrime professionals should be able to detect when real estate is being used for money laundering, especially given heightened Russian sanctions Would you like other articles like this in your inbox? national security and the integrity of the U.S.

Training 195

Training Regulation Compliance System 195

Gonzobanker

DECEMBER 22, 2015

Regulator Award. The all-powerful banking regulator claimed that car dealers discriminated against minority borrowers—by guessing the race of borrowers based on last names and addresses in loan files, and claimed racism if the people they guessed were minorities seemed to be paying higher rates. ‘Are You Freakin’ Kidding Me?’

Community Bank 60

Community Bank Apple Community Technology 60

William Mills

SEPTEMBER 12, 2017

Transforming consumer risk management with patented analytics, proprietary data and real-time insight into consumer behavior. Helps companies secure email, chat and collaboration platforms communicate with confidence. I don’t think I know these folks, but they seem like they have a pretty good security product.

Samsung 69

Samsung Mobile User Experience Google 69

Abrigo

MARCH 25, 2022

This ALM 101 post describes the value at risk(VAR)/economic value of equity (EVE) risk perspective (long-term risk to market value of capital). Would you like other articles like this in your inbox? It is the third in a series. . Exactly what do we mean when we say market value?

Management 195

Management Analysis Examples Strategy 195

FICO

MARCH 6, 2020

In this excerpt from that article, Jürgen elaborates on the importance of compliance. . FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. However, this has changed over time. In the U.S.

Compliance 81

Compliance Technology Fraud Analytics 81

CB Insights

OCTOBER 4, 2018

In the last year, Chinese regulators have clamped down on China’s burgeoning fintech sector. This summer, Reuters reported that in 5 years, tech services (including online risk management and fraud prevention for financial institutions) will make up 65% of Ant’s revenue, compared to 34% in 2017. Wealth management.

US 78

US Fintech Mobile Regulation 78

PYMNTS

FEBRUARY 12, 2019

Regulators found the company completed 156 shipments worth a combined $4.4 ’s importation of those goods via China was found to be in violation of the Treasury’s Office of Foreign Assets Control (OFAC) North Korea Sanctions Regulations. notified regulators when it discovered the violations. million into the U.S.

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Compliance Risk Management Regulation Management 108