July 30 – The Federal Reserve Board has approved a final rule establishing risk-management standards for certain financial market utilities designated as systemically important by the Financial Stability Oversight Council. The final rule also establishes requirements for advance notice of proposed material changes to the rules, procedures or operations of certain designated FMUs. FMUs, such as payment systems, central securities depositories, and central counterparties, provide the infrastructure to clear and settle payments and other financial transactions.
Search Results: Risk-Management
July 20 – The Federal Reserve Board has reaffirmed its long-standing policy of applying relevant international risk-management standards to the Federal Reserve Banks’ Fedwire funds and Fedwire securities services. These services play a critical role in the financial system and in facilitating the safe and efficient settlement of private-sector financial market utilities.
February 14 – Ensenta, a provider of enterprise-wide, real-time SaaS solutions for making mobile and online payments and deposits, announces they were recognized by TAG FinTech, Georgia’s foremost association devoted to the advancement of Georgia’s technology industry, as one of five recipients of a 2017 TAG FinTech ADVANCE Award, which honors leading technology companies in the financial technology sector.
February 7 – State regulators have released a new, voluntary tool to help banks and non-depository financial institutions better manage Bank Secrecy Act/Anti-money laundering risk. (more…)
Guard reputation with the right plan and right technology.
By James F. Haggerty
When we think of crises in the banking industry, we inevitably think about events that led up to the Great Recession of 2008: runaway mortgage securitization, the bailout of too-big-to-fail banks, robosigning allegations or litigation surrounding the purported rigging of LIBOR spreads and other aspects of the financial markets.
Futures can be a valuable risk-management tool.
By Jon Marcus
In the vast investment markets surrounding the ag business, hedging is a useful tool, when used the right way. By definition a hedge is an investment position intended to offset potential losses that may be incurred by a companion investment. The primary goal of a hedge isn’t to make money, rather to protect from losses and limit risk.
By Don Musso and Stephen Brown Klinger
The article is the second of a four-part article series on strategic planning adapted from FinPro’s 2016 State of the Industry speech titled “The Traditional Community Bank Model is Dead.” The first article, “Focus on Customers, Not Products,” appeared in the October issue of BankNews. The next topic is “Focus on Relationships and Not Transactions,” which is scheduled to be published in February 2017.
October 31 – Fourteen companies, out of 361 applicants, have received the 2016 Risk Maturity Model (RMM) Recognition, a distinction that highlights enterprise risk management leaders and successful ERM programs. Presented by the authors of the RMM, LogicManager and RIMS, the risk management society™, the recipients were announced at the RIMS ERM Conference in Atlanta last week.