Articles

Risk Management – Managing Third-Party Risks

June 2023 The recent bank failures have brought risk management protocols into focus as Management and Boards have had to reevaluate deposit concentration risks, mismatched balance sheets, and liquidity risks, etc. However, the increased usage of technology and third parties, and risks associated with artificial intelligence (“AI’) continue...

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Bank Failures and Risk Management

Recent bank failures have been alarming for the banking industry, which is trying hard, along with regulatory agencies and the Government, to ensure continued confidence of the public in the banking system, and avoidance of any more bank failures. While it will be some time before the circumstances...

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Regulatory Focus 2023

Regulatory Perspectives – February 2023  While risk based Safety and Soundness Examinations of Banks by their Regulators are tailored to specific risk profiles of institutions, there are certain areas of regulatory focus and interest that are generally consistent across the institutions in general due to regulatory changes, macroeconomic...

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The Cost of Managing Cybersecurity Risks and Related Incident Reporting

Recently, the ABA Banking Journal reported that based on an IBM commissioned study, data breaches continue to grow costlier for financial institutions. The study indicates that financial institutions on average incurred about $6 million in 2021 and 2022, and on average the direct cost of dealing with a...

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