A Moving Target: Pandemic Impacts on Anti-Money Laundering Compliance
Banks focusing on innovation in their processes, people and technology will be well placed to implement effective BSA/AML compliance programs.
Tag: Model risk
CFPB Outlines Automated Valuation Model Rulemaking Proposals
The CFPB today announced the next step in a joint agency rulemaking to develop quality control standards for the use ...
A Model Transition? Surveying Banks’ Post-Libor Rate Choices
As the Libor endgame continues to count down, what rates are America’s large and midsize banks planning to adopt to ...
Modeling Corporate Credit Climate Risk
Amid discussion by regulators and bankers of climate risk metrics, researchers propose a bottom-up approach for corporate credit climate stress.
ABA Urges Additional Clarity on Model Risk Management for BSA/AML Compliance
The American Bankers Association filed comments today urging the federal banking agencies and the Financial Crimes Enforcement Network to provide ...
Banking Agencies Provide Guidance on Model Risk Management
The federal banking agencies and the Financial Crimes Enforcement Network today issued a statement on the use of the “Supervisory ...
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 ...
Regulators Discuss Trends in BSA/AML Compliance Risks
When conducting recent examinations for Bank Secrecy Act/anti-money laundering compliance, regulatory officials flagged deficiencies in risk assessments, a need for ...
GAO: Fed’s Large Bank Guidance Constitutes a Rule
The Government Accountability Office this week found that the two of the Federal Reserve’s guidance documents on large bank supervision—which ...
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 ...
