Nov. 3, 2020
Generally speaking, Canadian credit unions and mid-sized banks are well-capitalized. So, the question really becomes what are the benefits of implementing Economic Capital ECAP system?
Aug. 31, 2020
As the debt forgiveness period winds down, concerns about what happens in the post-debt holiday period begin to emerge. Most financial institutions, including mortgage insurers, offered a three to six month deferral period to retail and non-retail borrowers. According to BBA’s research, an estimated 20% - 40% of the loan book exposure went on payment holiday as a result of the abrupt stop in economic activity.
June 15, 2020
Much has been written in recent years about the potential for broadening the role of CFOs at financial services organizations, including credit unions. Of special concern has been the extension of the CFO’s traditional finance and comptroller role to include greater involvement in sophisticated strategic planning and external communication, and to foster better cooperation with risk management.
Dec. 22, 2020
Our goal, our vision as a firm is to help mid-sized financial institutions get the control back by developing affordable, customized analytics software in a fundamentally better and more convenient way. The entire experience is aimed at building trust and improving the return on investment. At the start of 2020, we embodied a purpose statement for our firm - articulating what each of us has long felt is our firm’s reason for being
Dec. 3, 2020
This article describes how an advanced testing methodology can protect financial institutions from the risk of unknown shocks by integrating alternative macroeconomic scenarios into their stress testing workflow.
Sept. 30, 2020
As rates drop, lenders are likely to see a flurry of requests to switch mortgages. Mortgage redemptions could be expensive from many aspects. For starters, a mortgage repayment can leave a lender with out-of-pocket charges,
Digitization of Enterprise Risk Management on October 28, 2020, at 5:00 pm EST
Maximizing Deposit Margin and Growth in Low Rate Environment on November 18, 2020, at 5:00 pm EST
Managing and Forecasting Cyber Risk on December 9, 2020, at 5:00 pm EST
Financial institutions report noticeably higher rates of success in achieving security program goals as compared to other industries, according to a recent study.
As many companies continue to grapple with a remote workforce, overall employee security measures become more critical, especially as many are relying on personal devices and networks for work.
Ransomware can cause devastating damage for both individuals and businesses; that is why businesses must educate their team members on protective measures to decrease ransomware attacks.