Podcast: Surprising Places to Understand Financial Risk

Understanding what to look for is one step toward thwarting potential criminal activity.

The Federal Reserve issued a technical clarification stating that its account access guidelines apply to excess balance accounts, or EBAs.

In risk reports to the board, place the emphasis on messages, not metrics

Deposit data currently collected in call reports is not a good indicator of risk and may encourage examiners, investors and other stakeholders to focus too narrowly on single data points when assessing a bank’s financial condition, ABA said.

The U.S. banking system remains resilient but there are pockets of potential vulnerability that need continued monitoring, such as in the areas of commercial real estate, third-party relationships and cybersecurity, the Financial Stability Oversight Council said.

FinCEN is seeking nominations for membership in the Bank Secrecy Act Advisory Group, which reviews and discusses issues related to BSA reporting requirements. Membership is open to financial institutions subject to the BSA.