Tag Archives: risk management

Study: Banks Making Strides in Managing Third Party Risk

Banks continue to make significant strides in the area of third party risk management -- though many are concerned about a lack of knowledge and not having the appropriate tools to efficiently assess and manage vendor risk -- according to a study published today by Ernst & Young.

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ABA Applauds Proposed Revisions to Consumer Compliance Rating System

ABA today expressed support for proposed revisions to the Federal Financial Institutions Examinations Council’s Consumer Compliance Rating System that reflect the significant regulatory, supervisory, technological and market changes that have occurred since the FFIEC adopted the existing consumer compliance evaluation process in 1980.

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FBI: Bank Robberies Rise in 2015

Bank robberies rose by 3.5 percent in 2015, according to the Federal Bureau of Investigation’s recently released Bank Crime Statistics report. Robberies accounted for 98.5 percent of covered thefts from depository institutions.

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FSOC Highlights Risks of Blockchain, Marketplace Lending

In its annual report and during its public session yesterday, the Financial Stability Oversight Council trained scrutiny on the potential risks posed by the growing use of new financial products and delivery mechanisms, including marketplace lending and distributed ledger or blockchain technology.

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