Harvard Corporate Governance

JULY 24, 2022

Posted by Carine Smith Ihenacho, and Severine Neervoort, Norges Bank Investment Management, on Sunday, July 24, 2022 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer and Severine Neervoort is Senior Analyst, Corporate Governance at Norges Bank Investment Management. Ihenacho; Ms.

Banking 221

Banking Compliance Equity Marketability 221

Mckinsey and Company

SEPTEMBER 1, 2023

After bringing agile operating models to customer-facing, frontline business units, financial institutions are also seeing the benefits of agile for risk and compliance functions.

Compliance 116

Compliance Banking 116

Audit Board

NOVEMBER 8, 2023

To meet the PCI DSS standards, companies need to understand their unique compliance requirements, their payment applications, payment processing workflows, and the system components and sensitive data that makes up their CDE. As with all things compliance, the Payment Card Industry (PCI) likes its acronyms.

Compliance 52

Compliance Start-ups Banking Technology 52

Harvard Corporate Governance

MAY 2, 2024

Posted by Carine Smith Ihenacho, Tim Smith, and Kristin Verpe (NBIM), on Thursday, May 2, 2024 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer, Tim Smith is Lead Investment Stewardship Manager, and Kristin Verpe is Investment Stewardship Analyst at Norges Bank Investment Management (NBIM).

Banking 143

Banking Compliance 143

N Contracts

DECEMBER 5, 2023

Bank of America is on the hook for $12 million in penalties after the Consumer Financial Protection Bureau (CFPB) issued a consent order against the bank for falsifying mortgage lending data.

Banking 91

Banking Compliance 91

N Contracts

MARCH 16, 2022

Training is important for anyone entering a new role at a bank, credit union, or mortgage company—but that’s not the only way to help a new employee get up to speed.

Compliance 86

Compliance Banking 86

N Contracts

MAY 23, 2023

Ever wonder how your peers at banks and credit unions are navigating the complex world of governance, risk, and compliance (GRC)? Curious about the latest risk management and compliance industry trends?

Banking 52

Banking Compliance 52

N Contracts

OCTOBER 4, 2023

The Justice Department (DOJ) continues to fulfill Attorney General Merrick Garland's 2021 promise that his department would “spare no resources” in upholding fair lending laws – this time with a $9 million redlining settlement with a $7 billion-asset Rhode Island bank.

Banking 102

Banking Compliance 102

N Contracts

JANUARY 25, 2024

Bank failures have happened to financial institutions of different sizes over the past 40 years, but the reasons are the same. Find out why and how risk management can help.

Banking 87

Banking Compliance 87

N Contracts

AUGUST 21, 2023

Social Media Risk Assessments for Banks and Credit Unions When IndyMac and Washington Mutual failed in 2008, it took weeks of negative reporting before customers pulled their deposits.

Banking 91

Banking Compliance 91

Harvard Corporate Governance

JANUARY 23, 2024

Normal 0 false false false EN-HK ZH-CN AR-SA Strict securities accounting rules that require the recognition of unrealized securities losses in earnings caused banks sell mortgage-backed securities into negative liquidity shocks , a disruptive activity sometimes called, “ liquidity feedback trading.” For all but the largest banks in the U.S.,

Banking 131

Banking Marketability Finance Compliance 131

Harvard Corporate Governance

APRIL 18, 2023

Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank and any other similarly situated financial institution. Companies may face difficulty accessing cash deposits, bank facilities or the capital markets or limitations on money market transactions or commercial paper facilities.

Banking 227

Banking Compliance Marketability 227

N Contracts

SEPTEMBER 5, 2023

What does the survey data tell us about the emerging risks in banking? Does your financial institution face the same risks?

Banking 82

Banking Compliance 82

Reynolds Holding

OCTOBER 24, 2023

2] Studies also show that only a small percentage of Americans have any significant level of confidence in banks, technology companies, or big business. [3] We need to work together to create what I call a culture of proactive compliance. And if they do, then take the steps necessary to effect compliance.

Compliance 40

Compliance Accounting Firms Start-ups Marketability 40

Benzinga

MARCH 25, 2024

Chicago, March 25, 2024 (GLOBE NEWSWIRE) -- The Open Banking Solutions Market size is expected to grow from USD 5.5 Chicago, March 25, 2024 (GLOBE NEWSWIRE) -- The Open Banking Solutions Market size is expected to grow from USD 5.5 billion in 2023 to USD 11.7 billion in 2023 to USD 11.7 billion in 2023 to USD 11.7

Banking 40

Banking Marketability Compliance Technology 40

N Contracts

MARCH 7, 2024

Ncontracts’ regulatory compliance experts brief community banks, credit unions, mortgage lenders and others on junk fees, BSA, CRA and other hot topics

Compliance 94

Compliance Banking 94

Law 360 M&A

OCTOBER 13, 2023

The most notable legal changes affecting Connecticut financial institutions in the third quarter of 2023 included increased regulatory protections for consumers, an expansion of state financial assistance for underserved communities, and a panoply of tweaks to existing laws, says Brian Rich at Barclay Damon.

Compliance 40

Compliance Banking 40

Brian DeChesare

JUNE 15, 2022

Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.).

Banking 97

Banking Treasury Start-ups Finance 97

N Contracts

DECEMBER 12, 2023

December 12, 2023 --     Ncontracts , the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced it has acquired Quantivate, a growing provider of governance, risk, and compliance (GRC) solutions for banks and credit unions. BRENTWOOD, Tenn.,

Compliance 98

Compliance Banking 98

Reynolds Holding

OCTOBER 18, 2023

1] The Order resolves a longstanding investigation by the SEC into “greenwashing” allegations against Deutsche Bank AG’s asset-management arm, DWS Group (DWS), which we discussed in our September 20, 2021 Advisory. The order provides a roadmap of areas for compliance that the SEC may scrutinize in future ESG investigations.

Compliance 40

Compliance Banking Marketability Equity 40

N Contracts

OCTOBER 27, 2022

Regions Bank is on the hook for almost $200 million in restitution and fines after the Consumer Financial Protection Bureau (CFPB) said the bank charged customers “surprise overdraft fees” so hidden and confusing that not even the bank’s employees could explain why customers were being charged.

Compliance 52

Compliance Banking 52

Harvard Corporate Governance

DECEMBER 3, 2023

Opportunities remain to better align external risk reporting with internal risk management and reporting processes, improve the readability and categorization of risks, and make disclosures less generic.

Enterprise Value 334

Enterprise Value Market Risk Technology Compliance 334

Appraisers Blog

APRIL 29, 2024

My choice would be to report both FNMA and the bank to the State Board for investigation of violating TILA, Dodd Frank and AIR, of which they have agreed they would be held to. That would be my choice.

Compliance 74

Compliance Banking 74

Reynolds Holding

JUNE 28, 2022

Dodd-Frank created a new financial regulatory landscape with intensified federal oversight and an extensive set of regulations on banks, such as stress tests and stricter capital, trading, loan, and mortgage underwriting standards (Acharya and Richardson, 2012; Richardson et al., billion for banks with more than $10 billion in assets.

Banking 59

Banking Marketability Compliance Capital Structure 59

Reynolds Holding

DECEMBER 3, 2023

The DFA introduced several reforms; collectively, these reforms were intended to reduce the risk of the financial sector and to provide financial stability following the banking crisis of 2007-2008. The compliance deadline was July 1, 2015. [1] We study whether these mandates resulted in improved risk management at banks.

Banking 52

Banking Start-ups Finance Compliance 52

Harvard Corporate Governance

OCTOBER 19, 2022

Posted by Carine Smith Ihenacho, Wilhelm Mohn, and Alexis Wegerich, Norges Bank , on Wednesday, October 19, 2022 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer, Wilhelm Mohn is Global Head of Corporate Governance, and Alexis Wegerich is Head of ESG Analytics at Norges Bank Investment Management.

Banking 248

Banking Compliance Marketability Technology 248

Reynolds Holding

JULY 31, 2023

On July 27, 2023, the federal banking agencies released a lengthy proposal to revise the capital rules applicable to large banks and bank holding companies. banking industry. The adequacy of the cost-benefit analysis done to date is likely to be a key point of industry comment.

Banking 40

Banking Market Risk Marketability Compliance 40

Harvard Corporate Governance

JUNE 15, 2022

According to press reports, the Securities and Exchange Commission (the “Commission” or the “SEC”) is requiring Wall Street banks to undertake an unprecedented review of dozens of their top executives’ and traders’ personal cell phones to determine the frequency with which these platforms are used to conduct bank business.

Banking 221

Banking Compliance Technology 221

N Contracts

SEPTEMBER 20, 2022

EXECUTIVE SUMMARY: The definition of a CMS includes three key elements: board and management oversight; a compliance program; and violations of law and consumer harm. The whitepaper breaks down each of these elements and offers advice for streamlining existing compliance functions to create a more effective and efficient CMS.

Compliance 52

Compliance Banking 52

N Contracts

JUNE 30, 2022

In the first quarter of 2022 alone, digital active users at Bank of America alone grew to 42 million, up 2 million from a year earlier, and 5 million since the start of the pandemic, according to a Motley Fool blog post. The trend of moving to digital transactions that started during the pandemic shows no signs of slowing down.

Banking 85

Banking Start-ups Compliance 85

N Contracts

JULY 12, 2022

Every profession has an unofficial motto.

Compliance 78

Compliance Banking 78

N Contracts

JULY 26, 2022

These relationships help banks, credit unions, mortgage companies, and other fintechs satisfy consumer demands and keep pace in a rapidly evolving marketplace. Fintech relationships are game changers for financial organizations.

Compliance 83

Compliance Banking 83

Benzinga

JANUARY 2, 2024

OpenTransact is a self-serve banking platform designed to support high-risk businesses, which prioritizes security, risk management, and compliance within industry regulations. (a/k/a Open Transact) ("OpenTransact") in connection with the Company's potential acquisition of OpenTransact.

Banking 45

Banking Compliance Marketability Technology 45

N Contracts

NOVEMBER 2, 2023

November 2, 2023 -- Ncontracts , the leading provider of integrated compliance, risk management, and vendor solutions for the financial service industry, and findCRA , a nationally-recognized RegTech company providing cloud-based CRA research software, have announced a new strategic relationship. BRENTWOOD, Tenn.,

Banking 59

Banking Compliance 59

Reynolds Holding

JANUARY 5, 2023

The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are issuing the following statement on crypto-asset1 risks to banking organizations. financial system. financial system.

Banking 49

Banking Finance Compliance Marketability 49

Harvard Corporate Governance

JANUARY 14, 2023

It also specifies that large financial institutions should monitor microprudential risks, including credit, market, liquidity, operational, and legal and compliance risks, as well as other financial and nonfinancial risks that could arise from climate change.

Banking 260

Banking Compliance Marketability 260

N Contracts

FEBRUARY 7, 2023

The federal regulatory agencies started off the year with a bang with a record-setting redlining settlement, the denial of a bank application, and a warning of potential limits on the nation’s biggest banks. Then there’s all the guidance and proposals.

Banking 52

Banking Appraisal Compliance 52