Supervision News Flash
Read the Federal Reserve’s semi-annual Supervision and Regulation report, published in November, to see information about banking conditions, risks that banking institutions face and supervisory developments.
Check out the valuable highlights from the BSA Coalition’s highly regarded law enforcement webinar. Panelists discussed suspicious activity report filings on Paycheck Protection Program fraud and tips to avoid cyber fraud.
The SCALE tool uses publicly available data from Schedule RI-C of the quarterly call report to derive the initial proxy for expected lifetime loss rates. The data is available on the CECL Resource Center on the SCALE tab in the resources section or at RI-C - CECL Resource Center.
Climate change presents a number of risks to financial institutions, from impacting customers’ ability to repay loans to business transitions brought on by a greener economy. This climate change primer can help you and your institution understand both the acute and chronic risks of climate change and what to consider when planning for the future.
As the pandemic lingers, our supervisory posture remains virtual—and staying flexible and nimble are important now and will remain so into the future. Our examination teams will focus on three key areas as we resume exams: loan risk ratings, capital preservation, and liquidity resilience.
Fed staff have created the simple, spreadsheet-based SCALE tool to help community banks implement the CECL accounting standard. Read on to see if it may be able to aid your institution.
Private flood insurance may be a more cost-effective option for customers over policies backed by the National Flood Insurance Program. Let us help you wade through the sea of information.
Are you considering all the impacts to your customers when you debate closing a branch? In addition to the economic and financial impact of closing a branch, it’s crucial to consider the legal and compliance risks related to Community Reinvestment Act (CRA) ratings and fair lending as part of a branch evaluation.
In the world of cyber fraud, account takeovers loom large. Red flags to look for in order to protect bank customers.
Analysis by our Enformecent and Legal Risk Unit shows how fraudsters exploited unemployment claims during the pandemic.