More than one-third (37%) of financial services CFOs agreed that their institutions’ strategies would be constrained due to expectations of an economic downturn in the U.S., according to a new survey by Deloitte released this week.
This year’s spring report presents data in five main areas: operations, bank performance, special topics, trends in key risks and supervisory actions.
During the CoreConnection session at ABA’s Conference for Community Bankers, core provider CEOs sounded notes that will sound familiar to those following the work of ABA’s Core Platforms Committee: open APIs, access to data and flexible and transparent contracts.
Having an effective data strategy is important to financial leaders, with 80% saying they would be able to improve customer service by overcoming the challenges of integrating external data into core platforms, according to a report released by regtech firm Encompass.
CEO survey reveals banks’ resilience, commitment to employees and communities
The FDIC today announced another “tech sprint” to evaluate how well banks can withstand a major disruption of any kind—from natural disasters to cyber incidents.
The FDIC is seeking feedback on its supervisory approach to examinations during the pandemic, including on-site and off-site activities, use of technology and communication methods, according to a request for information published in the Federal Register today.
How getting the most out of collaboration tools can lead to a better future for banks.
Throughout the COVID-19 crisis, “the benefits of a resilient banking system have been evident” as banks’ “strong capital and liquidity positions” have enabled the pandemic recovery, the Federal Reserve said today in its supervision and regulation report.
The Basel Committee on Banking Supervision today issued a pair of guidance documents to help banks manage operational resilience and risk.