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How to Set Your Strategic Planning Time Horizon

South State Correspondent

For example, at present, return on equity performance is about 12% for the average community bank. A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

How To 195
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HUD Issues Final Rule Permitting Private Flood Insurance with FHA Loans

CFPB Monitor

The regulators are the Farm Credit Administration, Federal Deposit Insurance Corporation, Federal Reserve Board, National Credit Union Administration, and Comptroller of the Currency. Prior to the HUD final rule, HUD only accepted flood insurance policies issued under the National Flood Insurance Program (NFIP).

Policies 148
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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. Banks often ignore this risk, particularly those with limited geographical footprints where community members talk.

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FASB issues CECL – new standard for credit-loss recognition

Abrigo

Amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The Independent Community Bankers of America (ICBA) said it was pleased with the consideration given to community banks’ views in the review process.

Resources 150
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Cryptoassets, the metaverse and systemic risk

BankUnderground

The metaverse is in its early stages of development, and there is disagreement on whether it should be built by major tech companies in a centralised format, or in a community-owned manner – the open-metaverse. In the future, people could shop, exercise and socialise within the metaverse. The role of cryptoassets.

System 129
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Supervisory Perspective

Independent Banker

“I know that unnecessary regulation saps the strength of community banks.” Having said that, I believe very strongly that community banks have a bright future, and they don’t need to ease or lower their standards to build market share. I believe the tool is an important step toward keeping an institution’s IT environment secure.

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Tech Cos Confront The Ethics Of AI

CB Insights

Artificial intelligence is having a growing impact on our health, education, security, and economy. According to CB Insights data, the top three industries that have seen the most AI deals in the last five years are healthcare, security, and fintech. In some cases, AI is even a matter of life and death. Healthcare.

Google 69