Future CFO

NOVEMBER 21, 2023

Top 2024 macro-credit risks include tight liquidity and funding conditions, uncertainty about China’s macroeconomic outlook and property sector, and geopolitical event risk, said Fitch Ratin gs recently. The post Top 2024 macro-credit risks appeared first on FutureCFO.

Credit Risk 52

Credit Risk Valuation Forecasting Financial Systems 52

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JUNE 17, 2019

regulators are saying cyberattacks pose the greatest risk to U.S. banks in upcoming years, but the regulation and testing processes are convoluted and complicated for institutions in both spaces to assess, according to a report by the Financial Times. Right now, different regulators look at different pieces of the same bank.

Banking 53

Banking Credit Risk Currencies Financial Systems 53

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JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

Banking 46

Banking Compliance Currencies Concentration 46

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MAY 29, 2018

In the early 1950s, an engineer named William Fair encountered a mathematician Earl Isaac who together decided to work out an automated credit scoring system for banks. In 1954, they came-up with the first version of the Fair Isaac credit score — or the FICO. They just don’t have a credit history yet.”.

Credit Risk 62

Credit Risk Finance Accounting Financial Systems 62

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FEBRUARY 5, 2018

In order to boost competition within FinTech, said the Bureau, among other recommendations, regulation should be neutral when it comes to technology, and move to embrace Open Banking. There’s a difference between the risk of depositing money into a bank account, said Wright, and depositing money into a Starbucks card held on a phone.

Credit Risk 41

Credit Risk Banking Financial Systems Finance 41

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MARCH 8, 2016

“All lenders, from online startups to large banks, must follow consumer financial protection laws. By accepting these consumer complaints, we are giving people a greater voice in these markets and a place to turn to when they encounter problems.”. The CFPB has been accepting complaints since its inception in July 2011.

Credit Risk 40

Credit Risk Advertising Financial Systems Startups 40

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APRIL 30, 2018

Digital banks. In an interview in 2013 , Founder and then-CEO Renaud Laplanche boasted that incumbent banks like Chase were “like Blockbuster Video” in a world in which tech and new lending models like LendingClub’s would bury them. Digital Banks. Most, though, aren’t really banks in the true sense of the word at all.

Banking 73

Banking Investments Concentration Accounting 73