Opening the Post-COVID Bank Books
Banks moved heaven and earth to help clients through COVID-19. While examiners are stepping cautiously in exams, bankers must prepare for more probing questions.
Browsing: Credit risk
COVID-19: A Positive Disruptor to Expected Credit Loss Models
The current murky picture delivered by traditional data has forced an increased focus on new methods that better capture credit risk.
OCC: Pandemic, Low Rates Shape Risk Environment for Banks
The response to the coronavirus pandemic continues to shape the risk environment for banks, according to the OCC’s Semiannual Risk Perspective released today.
OCC Outlines Supervision Priorities for 2021
The OCC today released its bank supervision operating plan for fiscal year 2021, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year that started Oct. 1.
Bowman: In Exams, Fed to Focus on Exposure to COVID-Stressed Industries
As the Federal Reserve ramps up its post-COVID-19 examination program, Fed Governor Michelle Bowman said in a speech today, examiners’ “initial focus will be to assess higher risk banks, particularly those with credit concentrations in higher risk or stressed industries.”
CRE Tenants Have Missed Billions in Payments. Which Sectors Are the Most at Risk?
While it is too early to assess the full effects, COVID-19 will permanently reshape commercial real estate in the U.S.
Agencies Issue Guidance on Working with Borrowers Nearing End of COVID-19 Accommodations
With many COVID-19-related accommodations for loans nearing their initial expiration dates, the Federal Financial Institutions Examination Council today issued a joint statement outlining prudent risk management and consumer protection principles for financial institutions to consider while working with affected borrowers.
OCC’s Brooks Warns Governors, Mayors on Risks to Banks of Long-Term ‘Lockdowns’
As governors and municipal officials make decisions on reopening local economies in the wake of the coronavirus pandemic, Acting Comptroller of the Currency Brian Brooks warned them about the long-term risks of so-called lockdown orders on the financial system.
Podcast: How Asset-Based Lending Appeals to Commercial Clients Amid COVID-19
As the coronavirus pandemic and the policy response to it affect businesses and commercial credit, many borrowers are converting revolving and secured cashflow credit facilities to asset-based lending facilities. Ed Gately of MUFG Americas discusses this trend and what it means for borrowers and banks.
Agencies Issue Policy Statement on Allowances for Credit Losses
The financial regulatory agencies today issued a final interagency policy statement on determining allowances for credit losses under the current expected credit loss methodology.