Nov 1 - The American Association of Bank Directors has announced that Invictus Consulting Group has become a sponsor of AABD. Invictus provides capital adequacy and strategic planning services through employing its nationally recognized stress testing technology and model to banks in the United States.
“With many banks facing capital adequacy issues under new Basel III capital requirements and the challenges of providing shareholders a reasonable return, tools and advisory services to help banks evaluate capital adequacy and assist in strategic planning are essential,” David Baris, executive director of AABD, said. “Invictus and its principals will be a tremendous resource to AABD and its members by providing up-to-date information on bank regulatory stress testing expectations and assisting banks whose directors are AABD members on specific engagements.”
“Bank directors need to know the risks that their institutions are facing or may face”, said Baris. “Invictus’s stress testing model can help to identify those risks early enough for the board of directors to respond to them and plan accordingly.”
“Invictus is delighted to become a sponsor of AABD, which provides bank directors with the skills and information that they need to be valuable board members,” Kamal Mustafa, chairman of Invictus said. “Our stress testing model allows bank directors and officers to become pro-active in their dialogue with bank regulators and by helping to ensure that the bank’s strategic plans are consistent with the regulators’ view of their capital adequacy. This is particularly important in the world of anemic job recovery, shrinking margins, reduced loan demand and increased competition.”
Founded in 1989, the non-profit American Association of Bank Directors (www.aabd.org) is the only trade group in the United States solely devoted to bank directors and their information, education, and advocacy needs. The Institute for Bank Director Education was established in 1993 as the educational arm of AABD. Its purpose is to act as a clearinghouse for education programs designed for bank and savings institution directors that support the nationally recognized Director Certification Program. AABD recently published the “2012 Bank Director Regulatory Burden Report”, the first public compilation of over 800 laws, regulations and federal banking agency guidance that impose various requirements on bank directors and their boards and board committees.
Invictus Consulting Group LLC (www.invictusgrp.com) is an independent bank financial risk management and advisory firm. The company believes today’s difficult global economic environment renders traditional analytical methods inadequate to evaluate a bank’s capital requirements. In response, Invictus has created a superior methodology for the financial services industry that generates a range of analytical reports providing unprecedented insight.