Results from ABA’s 2015 Bank Insurance Survey Report show that bankers expect most of their insurance premiums to remain the same or, in some cases, decrease for the next renewal cycle. Most banks saw estimated premiums rise for cybersecurity, property insurance and financial institution bond policies, among others.
Browsing: Risk management
The OCC issued a bulletin today clarifying its limits on physical commodity transactions by banks. Preexisting OCC guidance allows the use of physical commodity transactions to manage risks involved with commodity derivatives provided those activities constitute a “nominal” percentage of overall risk management activities.
The Treasury Department is seeking to accelerate declassification of financial cyber threat information to help financial institutions protect their systems and customers, Sarah Bloom Raskin said today at ABA’s Summer Leadership Meeting.
The agencies of the Federal Financial Institutions Examination Council yesterday released a free cybersecurity self-assessment tool to help financial institutions of all sizes identify the cyber risks they face and assess their preparedness. The assessment is based on a 2014 pilot cybersecurity assessment of more than 500 financial institutions.
Noting an environment of “high” credit, strategic, compliance and operational risk, the OCC outlined nine priorities for ongoing midsize and community bank supervision in its Semiannual Risk Perspective report released yesterday.
The Commodity Futures Trading Commission today issued a proposal on when margin requirements would apply to uncleared swap transactions in a cross-border context.
Change is inevitable, Richard Parsons says—but banks that prepare will set themselves up for success.
Small banks should rank third parties according to their level of risk and continue to perform due diligence throughout the life of the relationship.
To learn how to accurately predict expected losses, banks need to take a broader approach.