FFIEC Warns of Increased Threat from Extortion-Related Cyberattacks
The Federal Financial Institutions Examination Council today alerted financial institutions about the increasing frequency and severity of cyberattacks involving extortion.
Browsing: Risk management
Curry: Banks Should Be Proactive About Credit Risk
Credit risk, in the form of relaxed underwriting and increased loan concentrations, is on the rise, Comptroller of the Currency Thomas Curry said at a risk management conference in Boston today.
Data Governance: A Regulatory and Business Imperative
Data governance is the key not only to effective compliance management but also to risk and performance management.
Stress Testing: Feeling the Pressure?
Community bankers are being urged to stress test their portfolios. Here’s how they’re making the most of it.
Margin, Capital Requirements for Uncleared Swaps Finalized; Small Banks Exempt
The FDIC, OCC and Farm Credit Administration today approved a final rule that requires prudentially-regulated swap dealers and participants to put up capital and exchange initial margin and variation margin from counterparties to swaps not cleared through a central counterparty.
Three Risk Management Tenets for Growth in a Difficult Environment
Recent trends, from the drop in oil prices to changes in the auto loan market, underscore the importance of risk management fundamentals.
OCC: Trading Revenue Falls in Second Quarter
Commercial banks reported total trading revenue of $5.5 billion in the second quarter of 2015, 28.1 percent lower than in the first quarter and 14.2 percent lower than a year prior, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released yesterday.
Report: FDIC Role ‘Inconsequential’ to Operation Choke Point
The FDIC played an “inconsequential” role in the Justice Department’s Operation Choke Point, according to a report today from the agency’s independent inspector general.
CFTC Urged to Consider Competitive Implications of Margin Rules
In a comment letter yesterday, ABA and its ABA Securities Association subsidiary yesterday urged the Commodity Futures Trading Commission to consider the competitive implications that proposed margin requirements would have on banking organizations that operate globally.
Weekly Infobyte: What Do Cyber Insurance Policies Include?
Eighty-eight percent of banks carry cyber insurance, but their specific policies differ in what they cover.