Latest Compliance - Risk Assessment/Risk Management Topics

Question: We are struggling with customer risk assessment for BSA. We pay close attention to high risk customers and review all their transactions monthly.

by Lucy Griffin, BOL Guru
Guru Bios

Federal Reserve Board Governor Bies offered a definition of enterprise risk management in her recent speech to the BAI ACE conference.

FDIC is expanding its risk-focused examinations, referred to as "Maximum Efficiency, Risk-Focused, Institution Targeted Examinations or "MERIT." Originally developed for small banks having assets o

by Mary Beth Guard, BOL Guru

by Mary Beth Guard

The financial regulatory agencies have issued guidance on "Sound Country Risk Management Practices." Issued by the FDIC as FIL-23

Risk Assessement Matrices

A Bankers' Threads user asked if anyone would be willing to share a sample matrix in regards to security/risk for privacy.

Compliance is a form of risk management. In the case of compliance, most of the risk we manage is based in or created by laws and regulations rather than by market forces or customer behavior.

The bank regulatory agencies have recently announced that examinations will be based on risk analysis. Risk is being discussed primarily in the context of the safety and soundness examination.