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Credit unions: Top challenges in 2023 and how to address them

Join us for this complimentary BAI webinar to hear Wipfli’s Alison Herrick, CPA, and Katie Kennedy, CFE, CUCE, share insights on the top challenges and concerns facing credit union leaders today, including recruiting talent, employee development, Read More

By |2023-05-31T16:38:13-05:00May 11th, 2023|Comments Off on Credit unions: Top challenges in 2023 and how to address them

Vendor Management

Having third-party relationships is crucial for businesses to be able to achieve their goals. Given the nature of the relationship, third-party vendors typically get access to confidential information that shouldn’t be used for any other purpose Read More

By |2023-05-04T15:49:36-05:00May 4th, 2023|Comments Off on Vendor Management

Can you quantify the impact of concentration risk on your portfolio?

Managing concentration risk has been a core concern for credit portfolio managers for decades. Findings from this analysis indicate that managing concentration risk effectively can decrease the overall risk of the portfolio by 21%. This paper Read More

By |2023-06-01T10:29:21-05:00May 4th, 2023|Comments Off on Can you quantify the impact of concentration risk on your portfolio?

Model Risk Management Program Policy Considerations

Model risk management programs provide a framework for financial services organizations to make informed decisions on various business practices using quantitative analysis. The outcomes from these models help predict performance and mitigate risks associated with a Read More

By |2023-04-13T11:51:07-05:00April 13th, 2023|Comments Off on Model Risk Management Program Policy Considerations

Stress Testing Program Policy Considerations

The Dodd-Frank Act was passed to help monitor and report on financial conditions after the market crash in 2008. Part of the Dodd-Frank Act requires certain businesses to perform stress tests. Financial stress testing is a Read More

By |2023-04-13T11:46:47-05:00April 13th, 2023|Comments Off on Stress Testing Program Policy Considerations

CECL Policy Considerations

Current Expected Credit Loss (CECL) is an accounting standard issued by the Financial Accounting Standards Board (FASB). The purpose of CECL to provide financial statement users with more decision-useful information about the expected credit losses on Read More

By |2023-04-13T11:43:46-05:00April 13th, 2023|Comments Off on CECL Policy Considerations

CPRA and CCPA Requirements: How These Laws Will Impact Your Business

The California Privacy Rights and Enforcement Act (CPRA), which became effective on January 1, 2023, modifies multiple sections of the California Consumer Privacy Act (CCPA). The state believed the change was needed because US federal privacy Read More

By |2023-03-29T11:07:51-05:00March 29th, 2023|Comments Off on CPRA and CCPA Requirements: How These Laws Will Impact Your Business

CFPB Enforcement Against Nonbanks

The Consumer Financial Protection Bureau (CFPB) is a regulatory body that was founded in 2011 and given authority to supervise and enforce federal consumer financial protection laws. Since its founding, the CFPB has been relaxed on Read More

By |2023-04-05T10:01:45-05:00March 29th, 2023|Comments Off on CFPB Enforcement Against Nonbanks

Policy Manager Checklist

Policy management at many financial services organizations is largely a disjointed process, using email, word processing, spreadsheets, and a company intranet to manage large-scale compliance updates.

To learn more about how the BAI Policy Manager can help Read More

By |2023-03-22T14:16:48-05:00March 22nd, 2023|Comments Off on Policy Manager Checklist

Managing risks during a digital makeover

Keith Pearson, head of financial services at ServiceNow, joins us on the BAI Banking Strategies podcast to share how banks can improve security by digitalizing risk management.

By |2023-05-08T16:10:40-05:00March 14th, 2023|Comments Off on Managing risks during a digital makeover

Recent Regulation Changes and Policies – Spring 2023

New regulations and updates to current regulations impact compliance policies for financial services professionals. Staff members need to know about these changes, what is expected of them, and when the changes take place to make sure Read More

By |2023-09-27T09:53:55-05:00March 2nd, 2023|Comments Off on Recent Regulation Changes and Policies – Spring 2023

Making a case for policy management software

Replacing a largely manual compliance process with a more efficient digital solution can save time and keep an institution on the right side of the regulators.

By |2023-03-07T16:14:25-06:00February 16th, 2023|Comments Off on Making a case for policy management software

Optimizing your Underwriting Efficiencies

The financial housing crisis in 2008 was one of the worst economic events to happen since the Great Depression.

The lack of checks and balances to ensure potential homeowners could repay their mortgage loans led to the Read More

By |2023-09-27T09:45:06-05:00January 30th, 2023|Comments Off on Optimizing your Underwriting Efficiencies

Designing Better Assessment Questions: Five Principles

To see these best practices and how they can be applied when developing and reviewing your course assessment questions, download “Designing Better Assessment Questions: Five Principles” today.

By |2022-12-21T09:48:35-06:00December 21st, 2022|Comments Off on Designing Better Assessment Questions: Five Principles