Andrew Clark’s Post

Recent report from BCCC reveals alarming spike in financial hardship violations among banks. Non-compliance incidents up by 40% in first half of 2023. Read more: https://lnkd.in/g4aUVjkK #fsonews #BankingIndustry #FinancialCompliance

In the wake of three large bank failures last year, primarily due to serious mistakes by management and directors of the banks and failures in timely supervision by state and federal regulators, calls are being made for improvements I agree with most of the recommendations with the exception of one important item – public disclosure of confidential examiner ratings of banks, which would be a major blunder likely to lead to more instability in the financial system and substantially (and needless) bank failures. Read why in my newest article in The Hill. #banking #regulation

This week’s Banking News Roundup runs the gamut. Follow the link for a 5 minute read and get up to date on everything from stress tests to Chevron. https://lnkd.in/emMpFXfk #Banks #Banking #StressTests #CRE #NBFI #PrivateEquity #BusinessLoans #Chevron #BankBranches

"Let the Light Shine on Bank Supervisors’ Examination Ratings" "We have argued that bank regulators should disclose more bank information than is now required.[1] This is because supervisory practices generally do little to promote transparency, which leads to opacity that interferes with the pricing of risk and undermines financial stability. More complete and timely disclosure would improve market discipline and ultimately complement supervisory efforts. In this post, we argue that supervisors should disclose specific aspects of bank examination ratings. Though bank examinations can play a central role in promoting the stability of banks and the U.S. banking system, it is difficult for outsiders to assess whether bank examinations are timely and robust and whether current practices make them effective in preventing bank failures and promoting financial stability. These difficulties arise because examination ratings are currently confidential. (See for example, Tahyar (2018)[2] and Conti-Brown (2019)[3] for discussions of the history of disclosure of supervisory examination.)" https://lnkd.in/eyvFWyAy #banking #regulation

Regulations should be simplified and provide more flexibility for different banking models. It cautions against a "one-size-fits-all" approach that could disadvantage certain banks or countries.

Very agreable statement from OCC Chief: "#tokenization is driven by solving real-world #settlement problems and can be developed in a safe, sound, fair, and compliant manner." https://lnkd.in/exSAsZVK #cryptoassets #riskmanagement #banking

This is no April Fools Day Joke...the first update to CRA for banks takes effect April 1st. Do you have your policies and procedures in place? Have you created a strategy for training? Here are some things to consider.

The Financial Brand has published list of 1,100 slogans and taglines from banks and credit unions worldwide. According to the blog, the top three most commonly used words in these slogans are Bank, Better, and Life, in that order. Interesting read for weekend :-) #banks #financialservices #banking #digitalbanking #creditunion https://lnkd.in/d6UzXZd9

Banking | Bank runs and media freedom: What you don’t know won’t hurt you? By Semenova et al, on the Journal of Financial Stability. https://lnkd.in/d7tdZ56Y

Attion Consulting's latest Banking News Roundup is out: This week we cover Basel III, Fees, Fines, CRE and Banking-as-a-Service in a five minute read.