Category Archives: Operational Risk
Understanding and Managing Credit Risk in Non-Lending Products
Aside from traditional credit risk, financial institutions need to understand a myriad of potential risks associated with non-lending products. Growing competition from both banks and non-banks and a greater need for automation and sophistication from customers are driving the financial … Continue reading
RMA’s 7th annual Governance, Compliance, and Operational Risk Conference (GCOR VII) Day Two Highlights
In a thought-provoking keynote speech on the second day of RMA’s 7th Annual Governance, Compliance, and Operational Risk Conference (GCOR VII), Richard Parsons offered a compelling view of what has gone wrong in banking and how to fix it. Parsons, … Continue reading
RMA’s 7th annual Governance, Compliance, and Operational Risk Conference (GCOR VII) Day One Highlights
Edward J. DeMarco Jr., General Counsel and Director of Operational Risk at RMA welcomed attendees on Day One of a sold-out GCOR VII in Boston and offered condolences and prayers on behalf of RMA to all those affected by the … Continue reading
Economic Uncertainty Is Top Challenge Facing Banks Today
Every article published in the Journal is reviewed by at least one and often several members of The RMA Journal Editorial Advisory Board. Late last year, 12 members of the board participated in a survey asking about the most serious … Continue reading
Top Ten Cybersecurity Issues
With cyber threat becoming increasingly recognized as a significant challenge to financial institutions, an understanding of cybersecurity and the current trends is essential in effectively managing this substantial risk. RMA’s new audio conference series kicked off recently by identifying the … Continue reading
Cybersecurity: What You Need to Know to Protect Your Institution
With cyber threats becoming increasingly recognized as a significant concern for U.S. industries, an understanding of cybersecurity and the current trends is essential in effectively managing this growing risk. President Obama recently issued a much-anticipated Executive Order entitled “Improving Critical … Continue reading
Pandemic Planning for Financial Institutions
Understanding the differences between crisis management and business continuity is an essential first step in planning for unexpected external events. In a recent audio conference, Stephany Head, Ph.D. and President of OpRisk Associates, LLC, explained that business continuity focuses on the … Continue reading
Thoughts on Risk Management in the U.S. Mortgage Industry
The financial crisis created the perfect risk management storm in mortgage banking over the past five years. In a recent audio conference, Michael Zeltkevic, Partner at Oliver Wyman, illustrated how the following risks were exposed by the financial crisis: market, … Continue reading
Credit Risk Challenges During the Next 18 Months
Faced with continued pressure on pricing and modest easing on structure, senior credit officers participating in RMA’s recent audio conference stressed the importance of strengthening relationships with both customers and regulators. The speakers included John Killian, Chief Credit Officer, Comerica Bank, … Continue reading
RMA’s Operational Risk Forum, October 28, 2012
RMA held its 4th annual Operational Risk Forum today in Dallas, TX and was attended by bankers from the US, Canada and the Caribbean. Ed DeMarco, RMA’s General Counsel and Director of Operational Risk, said that the Operational Risk Forum … Continue reading
