The new credit loss standards may seem like one more hurdle to clear. But played correctly, they’ll help smaller banks gain new efficiencies.
The current expected credit loss standard has institutions scrambling. But once banks know the basics, credit loss reporting can become a stress-free exercise.
Pam Perdue, the Executive Vice President and Chief Regulatory Officer at Continuity, lays down the blueprint for getting compliance out of silos and into the lifeblood of financial institutions.
The Current and Expected Credit Loss model promises major changes for bank accounting. Here’s how to tackle the required changes before the clock runs out.
Jo Ann Barefoot discusses how RegTech promises to deliver high speed, low costs and increased efficiency by shifting regulatory and compliance efforts into the digital age.
With a new loss-reporting standard for financial institutions, much depends on sound data and methodology that surrounds it.
Besides convenience, mobile payments offer gateways for hackers to grab valuable info. David Lott of the Federal Reserve Bank of Atlanta shares how banks and consumers can mitigate these risks.
When putting robots to work in areas from compliance to customer acquisition, banks must take care to avoid these common miscues.