Perficient
DECEMBER 29, 2023
Since that blog was published, the FDIC has issued an update on its Restoration Plan for the Deposit Insurance Fund (DIF). The Federal Deposit Insurance Act (FDI Act) requires the FDIC Board to adopt a restoration plan when the DIF’s reserve ratio—the ratio of the fund balance relative to insured deposits—falls below 1.35
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. FDIC Update. Last April, the FDIC released an Interagency Statement titled Model Risk Management (MRM) for Bank Models and Systems Supporting BSA/AML Compliance.
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Abrigo
JUNE 2, 2021
FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. This includes compliance from top, to middle, to frontline leadership. Leadership must actively support and understand compliance efforts. keep me informed.
Jeff For Banks
DECEMBER 10, 2023
Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. Jeff Note: I make no investment recommendations in this article or this blog.
CFPB Monitor
JANUARY 25, 2021
We will soon be publishing a separate blog post on the final rule.). The other agencies that adopted a substantially similar rule on January 19 are the FDIC, the Federal Reserve Board, and the NCUA.). (The rule was expected to be published in the Federal Register in February 2021.). OCC rules.
Jeff For Banks
OCTOBER 7, 2021
I can think of no reason why a bank would claim the mantel of brand leadership if they must routinely price up deposits or reduce loan yields or structures to get new customers. But they may not be in their operating account or some special purpose savings accounts where they want the FDIC insurance and efficient transaction processing.
Jeff For Banks
SEPTEMBER 10, 2011
This blog has dug deep into the numbers to support the notion that bigger is better. What is interesting about the success of Bank of the Ozarks and its CEO is the fact that he wasn''t the "experienced banker" regulators almost insist upon when approving the appointment of bank leadership. In that, I thought, he has a point.
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