Peter Dugas, Executive Director, at Capco spoke to Bloomberg about the banking industry's evolving expectations about FDIC oversight, as nomination hearings to confirm a new chair get underway. Read his comments here: https://okt.to/NAF07M #Bankingindustry #Financialservices #IndustryInsights
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Tune into our Banking Outlook for Q3 to find out what is top of mind in the industry!
The industry is navigating the impact of the current interest rate environment, an uncertain geopolitical landscape, and tepid M&A activity. For KPMG’s Q3 Banking Outlook, and as a preview to bank #earnings season, I’m honored to discuss how these topics are shaping the environment with KBW, a Stifel Company President and CEO, Tom Michaud. His insights are always spot-on, and I can’t wait to explore what he’s thinking in context of upcoming earnings reporting and what’s on the horizon for the banking sector for the remainder of 2024. Register for this live event here: https://lnkd.in/e5RxaguK #KPMGBanking #KPMGFinancialServices #InterestRates
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And are expected to take five years to fully implement. The BCBS provides recommendations on banking and financial regulations, specifically, concerning capital risk, market risk, and operational risk. 🌟 Unlocking the Secrets of Basel Accords at: https://lnkd.in/g_HY_WzM #BaselAccords #BankingRegulation #FinancialSector #RiskManagement #BCBS #MarketRisk #OperationalRisk #CapitalRisk #BankSupervision #FinanceTrends #RegulatoryCompliance #BankingStandards #GlobalFinance #FinancialPolicy #BaselIII #FinancialCompliance #BankingLaw #EconomicStability #BankingIndustry #FinancialRegulators #Banking
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GFIA Sounds Alarm: Insurers brace for renewed regulatory pressure post-SVB and Credit Suisse crises. Fear of unintended consequences as financial institutions face enhanced scrutiny. Industry wary of a repeat of post-2008 regulatory actions. https://hubs.la/Q02hbsNM0 #GFIAWarning #InsurerConcerns #RegulatoryPressure #SVBCCSFailures #RiskMitigation
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With recent changes across the market, our Q3 National Banking Symposium offered a preview of what to expect in the months ahead. A special thank you to Christopher Wolfe of Fitch Ratings for continuously bringing actionable insights to these conversations, and my KPMG US colleagues Meagan Martin-Schoenberger, John Gimigliano, Jeff Dykstra, Connie Kang, CFA, FRM, and Priya Dayananda for their engaging viewpoints. Some of my key takeaways from the discussion: - The significance of September rate cuts and how it impacts the industry. - Regardless of election results, we can expect a tax bill in 2025/2026. - We anticipate a re-proposal of the Basel III endgame followed by a comment period and finalization in the first half of 2025. There are more insights you can glean for your organization. View the replay here: https://lnkd.in/ecG8BeK8 #KPMGFinancialServices #KPMGBanking
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On July 15, 2024, the American Bankers Association, the Bank Policy Institute and the Consumer Bankers Association asked the FDIC to extend the compliance deadline for its new rule on the use of the FDIC's name and logo by financial institutions. The current deadline of January 1, 2025, is seen as insufficient due to multiple aspects of the rule requiring clarification. Key Points: - Requested Extension: Proposing a new compliance deadline of January 1, 2026. - Need for Clarity: Significant ambiguity in the rule has delayed implementation efforts. - Collaborative Effort: Associations urge the FDIC to provide detailed guidance, such as FAQs, to assist banks in understanding and implementing the rule. The associations emphasized that clear responses to numerous questions raised by the final rule are essential before banks can proceed with implementation effectively. “We appreciate the FDIC's willingness to engage with the industry to answer questions and provide additional guidance,” the associations stated in their letter. Read the letter here - https://lnkd.in/gFqbydf5 Stay updated on banking regulations with Global Regulatory Insights! #Banking #FDIC #Compliance #BankingRegulation #FinancialInstitutions #RegulatoryUpdate #GRI
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Listen to this interesting conversation, where our experts Matias Eklöf and Henrik Nilsson, along with the former Executive Director of Banking Supervision at the Financial Supervisory Authority and former member of the Basel Committee, Uldis Cerps, discuss how supervision has evolved since 2008 and its impact in terms of governance in financial institutions. #AdvisenseTalks #RiskManagement
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An interesting working paper published by the Federal Reserve Bank of Cleveland in February 2024 analyzing the interest rate risk at US Credit Unions. Authors focused on credit unions because, although the credit union industry is smaller than the banking industry, its solvency could impact US financial stability through several channels. #IRRBB #interestraterisk #riskmodeling #repricingrisk #GAP #riskmanagement #riskmeasurement #riskassessment #US #creditunions #FDIC #GRC
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Understanding FDICIA requirements is crucial for financial institutions crossing $500 million asset threshold. Explore the key mandates, including audit requirements and internal control measures, with Anders Audit and Assurance Partner Lesley Sanchez, CPA. Dive further into the FDICIA requirements for banks crossing $500 million in assets and discover requirements for banks crossing $1 billion in assets at https://lnkd.in/gkyqxeps
FDICIA Requirements by Lesley Sanchez
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Can Financial Crime Operate Services deliver both high-quality outcomes and reduced costs? Read about how this international bank completed customer due diligence on high-risk customers while realizing 30% cost savings and 75% reduced review time. https://deloi.tt/490oorT #OperateWithConfidence #OperateWithDeloitte
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We had the privilege of sitting down with Uldis Cerps, Former Executive Director for Banking Supervision at the Swedish FSA and former member of the Basel Committee, to discuss how supervision has evolved since 2008 and its impact in terms of governance in financial institutions. Watch the complete episode, set to be released on 13th March. #AdvisenseTalks #RiskManagement
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