by Jonathan Leonardelli | Jun 9, 2020 | Regulations
In a recent webinar I participated in with SAS we discussed Economic Impact Analysis (EIA). While EIA is similar in concept to stress testing, its main goal is to allow credit unions to move quickly to evaluate economic changes to their portfolio—such as those brought...
by Mike Forno | Feb 12, 2020 | General
We’re making it official: After more than a decade of operating as “The Financial Risk Group,” we’re changing our name to reflect what our clients have called us since the early days. We are excited to formally debut our streamlined “FRG” brand and logo. Our new look...
by Samantha Zerger | Nov 19, 2019 | Regulations
Most financial institutions (FI’s) find that data is the biggest hurdle when it comes to regulatory requirements: they don’t have enough information, they have the wrong information, or they simply have missing information. With the CECL accounting standard, the range...
by Samantha Zerger | Oct 15, 2019 | Regulations
The Board of Governors of the Federal Reserve System’s SR 11-7 supervisory guidance (2011) provides an effective model risk management framework for financial institutions (FI’s). SR 11-7 covers everything from the definition of a model to the robust...
by Samantha Zerger | Aug 16, 2019 | Regulations, Uncategorized
The CECL Standard requires more than just another update in the calculation of a financial institution’s (FI’s) allowance for credit losses; the new standard also pushes institutions to be more involved in the entire allowance process, especially on the...
