Remove Information Remove Leadership Remove Marketing Remove Risk Management
article thumbnail

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. .

article thumbnail

Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets. in adjustment (9.2%) for interest rate risk movement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Reacting to the market without a strategy can be one of the most common mistakes financial institutions can make during a rapidly changing environment.

article thumbnail

Change management in banks and credit unions: A key to success

Abrigo

More recently, the OCC identified change management as one of its supervision priorities for the year ahead. Why change management helps banks and credit unions: Enhanced adaptability : Financial institutions are subject to numerous regulatory changes, technological advancements, and market fluctuations.

article thumbnail

CFPB issues fourth biennial report on credit card market

CFPB Monitor

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews. Risk management. Fraud risk management.

Cards 60
article thumbnail

Bank CIOs Must Break Through The Tactical Barrier

Gonzobanker

In today’s talent market, there are plenty of job postings and headhunters seeking “experienced CIOs.” In the midst of this rapid-fire disruption, chief information officers are expected to be nimble, forward-thinking leaders who foster innovation in their organizations. team while also “buying” new competitive talent in the market.

Resources 141
article thumbnail

Equifax Rolls Out New Service That Predicts If A Business Will Incur Delinquencies

PYMNTS

Equifax , the credit scoring company at the center of a data breach that exposed the personal information of 145.5 In a press release , Equifax said the latest addition of this product suite is the first solution to combine consumer credit information with business credit data in the Equifax Commercial Financial Network (CFN).