As banks approach two key asset thresholds—$500 million and especially $1 billion — they must begin preparing for new risks and regulatory expectations. Many of them play out in the audit committee.
Author Debra Cope
How military veterans are helping bank boards think strategically, react nimbly and work as a team.
How one community bank has added directors as its business complexity increased.
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.
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.