In conversations regarding risk, particularly technology risk, there has long been one risk ignored by all of us. Recently, bank regulators have been taking a hard look at this risk. In fact, one large bank received criticism and financial fines […]
Risk Management
In conversations with many CEO’s regarding risk management a common concern is raised. Regardless of the maturity of risk practices, policies and procedures, leadership is concerned that risk management is not seen as the responsibility of all employees. The question […]
Regardless of asset size or geographic footprint the digital transformation impacting financial services is a touch of reality. The days of spread sheets, manual processes and binder-based analysis are gone. In all honesty, those days should have faded away five […]
When we discuss risk there is a common confusion regarding strategic and reputational risk. Many, in all honesty, will interchange these two risks –one for the other. While this is common and there are similarities between the two, they are […]
The NAFCU’s compliance team recently confirmed the seven risk categories that they consider in their examinations. These risks are: Credit Risk Interest Rate Risk Liquidity Risk Transaction Risk Strategic Risk Reputation Risk Compliance Risk Obviously, these are not all inclusive […]
2022 might look different from previous years but when talking with management about key risks they face this year the usual subject settles into the top five-risk list. Cyber-security continues to be a major concern for all Community Banks and […]
I wonder if we fully realize and appreciate the effect that Community Banks and Credit Unions have on our communities. Their personal touch with generations of customers (grandparents, to parents to today’s generation) is remarkable. They support community development with […]
One of the biggest risk contributors in 2022 for Community Banks and Credit Unions will be talent. Attracting and retaining qualified staff are quickly elevating themselves as key 2022 concerns for management. According to a recent article by FISERV, 55% […]
For many community banks risk management costs can eat up more and more of the annual budget. There is a way to quickly strengthen risk management and not increase the budget at the same time. It also just happens to […]
Half way through the first quarter of 2022 it might be valuable to review the risk priority lists for Credit Unions. The NCAU has just issued guidance for 2022 and several industry experts have shared their ideas. After looking at […]
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