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Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

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. .

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Interest rate risk management in a rising rate environment

Abrigo

If an institution wasn’t fully prepared, however, it can nevertheless meet its goals using tailored asset/liability management (ALM) strategies. Balance sheet management Rising rates and overnight borrowing Federal Reserve Chairman Jerome Powell has increased the Federal Funds Target Rate from 0-0.25% to now 4.50-4.75%

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Chapter 11 Watch: Austin Reed Bids Farewell, Staples Plots A New Course

PYMNTS

“Under Ron, Staples made consistent advancements that ensured and extended the company’s market leadership in the office products sector,” Robert Sulentic, independent lead director of the Staples board of directors, said in a statement.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Of course, there are numerous other excellent banking podcasts available that are worth a listen. Banking Resources.

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2020 | Challenging our Resilience

Tomorrow's Transactions

This includes the leadership and external stakeholders who must clearly understand what is expected of them. You should seek to fail fast, where possible, and pivot to other options, when the chosen course is not conducive to the intended results. Everyone must be aware of their responsibilities.

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Banks Can No Longer Ignore Climate Change (And Here’s Why)

The Financial Brand

Here's a sustainability crash course for banks and credit unions. This could be the biggest challenge since the 2008 financial crisis. The post Banks Can No Longer Ignore Climate Change (And Here’s Why) appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Cybersecurity Insurance, AI and Chatbots

FICO

Two of today’s hottest tech topics — cybersecurity insurance and artificial intelligence (AI) — were well represented at recent conferences in insurance and banking, respectively: Advisen Cyber Risks Insights Conference and Bank AI Expo. Advisen: Barbican Takes a Leadership Stance on Cybersecurity Insurance. Here’s my take.