Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The core principles for directors have not changed materially since 1988, the FDIC said. Risk management culture What exactly is a risk management culture? Evaluating risk management.

Management 150

Management FDIC Risk Management Community Bank 150

Independent Banker

OCTOBER 1, 2022

We explore how it can protect banks against financial losses and provide resources in the event of a cyber attack. The price of cyber insurance premiums varies depending on a bank’s credit risk, coverage and policy limits that might range from $1 million to hundreds of millions of dollars in aggregate limits. By Beth Mattson-Teig.

Montana 152

Montana Policies Resources FDIC 152

South State Correspondent

AUGUST 21, 2022

Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those not offering QFC protection – think Lehman Brothers.

How To 195

How To Community Bank Community FDIC 195

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

Abrigo

JUNE 23, 2017

The desire to avoid examiner scrutiny may tempt some financial institutions to set the bar high when it comes to credit and liquidity risk management policy limits, but regulators are discouraging this approach. It could compromise institutions’ risk management effectiveness and ultimately hurt the institution.

Policies 150

Policies Risk Management Survey FDIC 150

Abrigo

MAY 5, 2022

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. We have webinars , whitepapers , and other resources to make your job easier. Banking Resources. Banking Transformed 2.

Community 195

Community Lending Maine Resources 195

CFPB Monitor

APRIL 1, 2021

In what could be an important step towards needed regulatory updating to accommodate the growing use of artificial intelligence (AI) by financial institutions, the CFPB, FDIC, OCC, Federal Reserve Board, and NCUA issued a request for information (RFI) regarding financial institutions’ use of AI, including machine learning (ML). Uses of AI.

Risk Management 78

Risk Management Training Lending FDIC 78

Abrigo

AUGUST 8, 2021

As regulators described “practices generally considered consistent with safety-and-soundness standards,” they revised loan review guidance to reflect the broader importance of credit review to risk management. Lending & Credit Risk. Credit Risk Management. Credit Risk Regulation. Member Business Lending.

System 195

System Lending Policies Regulation 195

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.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Abrigo

JULY 20, 2021

During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. Check out these resources. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. Check out these resources. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

Jeff For Banks

JUNE 2, 2023

Third, the regulators need adequate financial resources. According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement.

FDIC 78

FDIC Community Bank Regulation Lending 78

Jeff For Banks

OCTOBER 29, 2016

But allowing branches to operate at losses takes resources away from areas that need immediate resources, such as technology acquisition and deployment. So they worry about other things that go beyond the fact that their branch in that market has little chance of being profitable. Idea : Develop objective analyses for entering markets.

Training 60

Training FDIC Community Resources 60

Jack Henry

APRIL 30, 2014

The FDIC provides a listing of resources that can be used to better identify and mitigate potential cyber-risks. The FDIC encourages subscribing to these various groups to ensure that you receive regular security alerts, tips, and other updates. Ensure adherence to appropriate patch management policy and procedures.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Jack Henry

JULY 2, 2014

Today, a proper IT risk management infrastructure has a direct impact on the character and value of a financial institution which places an unprecedented value on key IT employees. Outsourcing these ever-moving targets gives your IT resources the opportunity to focus on strategic growth and customer-facing initiatives.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

Independent Banker

SEPTEMBER 25, 2014

As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”. Be aware of existing or emerging risk concerns. Toney Bland, Office of the Comptroller of the Currency. in Kent, Ohio.

Compliance 101

Compliance Regulation Community Bank Community 101

Jeff For Banks

MAY 20, 2017

To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. But isn't fast growth by itself an indicator of increased risk of failure, regardless of the loans that fueled the growth? Risk mitigants tend to lag growth, especially fast growth.

Lending 60

Lending Regulation Community Community Bank 60

Abrigo

DECEMBER 22, 2023

Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. Which credit areas need routine "maintenance"?

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

FEBRUARY 8, 2024

Takeaway 3 Numerous resources can help banks and credit unions offer training on fraud to help customers or members recognize scams and avoid theft. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior.

Fraud 195

Fraud Resources social media Software 195

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. Technology has been a key resource for both ag borrowers and ag lenders seeking efficiency, growth, and profitability. On January 28, the Federal Deposit Insurance Corp.

Lending 195

Lending How To FDIC Survey 195

Independent Banker

FEBRUARY 24, 2016

So we want our checking accounts to be FDIC insured. My only concern is limited resources—and by the way, we all have limited resources whether it’s money or time or people or bandwidth or whatever else. IB: Community bankers are the world’s best risk managers. In other words, we expect our products to work.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Numerous regulatory resources go into detail, including fair lending videos from the FDIC and examination procedures published on the Consumer Financial Protection Bureau’s website.

Compliance 195

Compliance Lending Risk Management Regulation 195

Abrigo

SEPTEMBER 14, 2022

This requirement may be burdensome for institutions that either don’t have the IT staff to set up the digital infrastructure for such a firewall or don’t have the resources to secure a third-party solution. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL.

Lending 195

Lending Data Regulation Community 195