Risk

  • October 6, 2020
    Regulators, such as FINRA, the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB), expect banks and other financial services firms to manage existing risks at every level—and to be equally prepared to detect and control new and emerging risks. Poor fraud detection and unethical sales practices in the branch network create high-risk situations and...
  • September 24, 2020
    Re: Request for Information (“RFI”) on Standard Setting and Voluntary Certification for Models and Third-Party Providers of Technology and Other Services The Consumer Bankers Association (“CBA”) applauds the FDIC’s efforts to promote the efficient and effective adoption of technology at FDIC-supervised banks and to facilitate the supervision of technology usage at these institutions without...
  • August 3, 2020
    August 3, 2020 The Honorable Mike Crapo The Honorable Sherrod Brown Chairman, Committee on Ranking Member, Committee on Banking, Housing and Urban Affairs Banking, Housing and Urban Affairs United States Senate United States Senate Washington, DC 20510 Washington, DC 20510 Dear Chairman Crapo and Ranking Member Brown: As you consider potential financial services provisions for the COVID-19...
  • May 11, 2020
    As consumers increasingly desire faster banking, more convenient access to their accounts and quicker decisions on their loan requests, financial institutions are hamstrung by a rising wave of new financial regulations. The burden includes new and existing regulatory requirements including the CECL accounting standard, KYC/AML, customer disclosures and fair lending laws, while risks of default,...
  • May 7, 2020
    COVID-19 has disrupted banking for good. The depth of change, and the speed at which it has occurred, has ratcheted up risk levels. The result? An environment ripe for financial crime – especially fraud, cybercrime, and money laundering. Banks can combat financial crime by using advanced digital technologies, revisiting their business continuity planning, adjusting their risk models, and...
  • April 24, 2020
    In a matter of weeks, banks approved millions of loan applications from the Paycheck Protection Program. Now, they must prepare to forgive some portion of those loan amounts. In this video, Genpact's global leader of commercial banking , Dan Davidson, and Enrico Dallavecchia, head of our risk practice, discuss the challenges and opportunities ahead and what banks must do to maximize forgiveness,...
  • April 6, 2020
    Due to COVID-19, banks are under increased pressure to provide financial assistance to consumer and commercial clients. But with the impact of this disruption still unknown, how can chief risk officers (CRO’s) help their banks adapt in the short term and come out stronger in the future? Gina Hertel, head of editorial for banking and capital markets, Genpact, interviewed Manish Chopra, global risk...
  • January 28, 2020
    January 28, 2020 The Honorable Nancy Pelosi Speaker of the House U.S. House of Representatives The Capitol H-232 Washington, DC 20515 The Honorable Kevin McCarthy House Majority Leader U.S. House of Representatives The Capitol H-204 Washington, DC 20515 Dear Speaker Pelosi and Majority Leader McCarthy: On behalf of the Consumer Bankers Association (CBA), I am writing in opposition to H.R. 3621,...

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