Many banks have until January 1, 2023 before they must implement the current expected credit loss standard, or CECL. But it’s not too soon to start gleaning lessons from larger institutions that are already utilizing the new standard.
Author Debra Cope
Does your bank board mirror your market? Mounting pressure for banks to better reflect their communities is prompting banks to rethink director recruitment.
Lawyers now occupy seats on three-quarters of U.S. bank boards, and new evidence suggests their rapid rise is linked to improved risk management and increases in bank valuation.
Success starts with recruiting a good mix of people and perspectives to create a dynamic and engaged cohort of directors. But what are some of the hallmarks of a board of directors that isn’t functioning as well as it should be?
In a recent client bulletin, executives from Promontory, an IBM Company, identified several immediate and…
The COVID-19 outbreak has prompted banks to move with lightning speed toward mobile work arrangements—and with that move comes pressing new considerations and security issues must be reassessed in the light of the massive workplace changes.
Regulatory principles and practices for business continuity management are spelled out in a booklet in…
Inside banks, a business transformation is underway. Having technology expertise on the board itself is rapidly becoming an imperative.
From strategic retreats to five-year plans, board-level strategic planning is evolving in 2020.