To maintain modern operations and reap profit, corporations need help from banks. Liquidity management is crucial—as is acting now.
As federal regulators move towards a standardized approach to risk weighting assets, bankers should be ready with their own strategic response.
The potential threats to be warded off via vendor risk management are more extensive than most bankers realize.
As the Department of Labor increases its enforcement of wage and hour regulations, banks need to devote more attention to workforce compliance risk.
The importance of key vendor relationships requires that banks monitor their vendor’s business activities and environment as closely as their own.
As becoming involved in lawsuits is typically not a matter of ‘if’ but ‘when’ for banks today, institutions need to develop policies, procedures and practices to reduce the risks of such suits proceeding to trial.
Continuing regulatory scrutiny should drive banks to perform comprehensive risk assessments on their mortgage servicing operations.
Comprehensive risk assessment is necessary not only to satisfy the examiners but also to protect the institution in an era of rapid regulatory change.