Who Owns Model Risk in an AI World?
Regulatory guidance wants models that can be challenged. But when artificial intelligence turns a model into a black box, how can bankers manage model risk?
Browsing: Wealth Management
E-Sign on the Dotted Line?
Trust bankers and wealth management professionals need to be ready for the law on wills to evolve with technology.
Podcast: Marriage and Fertility Trends and the Future of Banking
For Valentine’s Day, the ABA Banking Journal Podcast digs into trends on U.S. marriage and fertility rates and how they might affect financial institutions.
IRS Proposes Rules for 199A Deductions for Certain Trusts
In addition to final rules generally concerning 199A qualified business income deductions, the IRS last Friday concurrently issued proposed rules addressing how the deduction would affect charitable remainder trusts, split-interest trusts and regulated investment companies.
IRS Issues Final Rules on Pass-Through Deduction for S-Corp Banks
While generally positive, preliminary analysis of the final pass-through rules suggests mixed results for a few issues of concern to S-corp banks.
Nonbank Backtracks on ‘Checking and Savings’ Account After Outcry
Nonbank fintech company Robinhood, an online brokerage firm, has backtracked on plans to offer what it called a “checking and savings” account that would have paid 3 percent interest with no fees.
Fiduciary Rule, Libor Transition on SEC Agenda for 2019
Completing the Securities and Exchange Commission’s rulemaking on best interest standards for broker-dealers and investment advisers is a “key priority” for 2019, SEC Chairman Jay Clayton said in a speech today.
The Wealth Effect
Community bankers talk talent, strategy and getting to scale in wealth management.
A Financial Caregiver: Chances Are You’ll Be One or You’ll Need One
One in four Americans are caregiving for someone, and nearly two-thirds of those are helping manage someone’s financial affairs.
Podcast: Two Ways to Partner with Fintech Firms
As long as banks have existed, they’ve deployed innovative technology to better serve their customers and improve efficiency. On the latest episode of the ABA Banking Journal Podcast, two leading bankers discuss distinct approaches to partnering with fintech firms today.