News Topic: Risk management

U.S. banks and other financial firms are projecting higher spending on cybersecurity as they face bigger threats and more attacks. ... Read full article

The amount of debt owed by businesses and the valuations of corporations are elevated, creating a growing source of concern, the Federal Reserve said Wednesday. ... Read full article

What the Democrats' House takeover means for banks; Synchrony has a lot to lose in fight with Walmart; should industry fear Waters-led banking panel?; and more from this week's most-read stories. ... Read full article

The head of the agency developing the special-purpose federal license said the process is moving forward “independent” of legal challenges mounted by state regulators. ... Read full article

The final rule aligns ratings with a supervisory program the Fed established in 2012 to emphasize capital, liquidity, and governance and controls. ... Read full article

The unique approach Fannie Mae and Freddie Mac are each taking with their credit-risk transfer products is quickly becoming a key point of differentiation that's rekindling competition between the government-sponsored enterprises. ... Read full article

Heightened competition from nonbanks, the rise of populism and the uncertainty surrounding Libor’s demise are just some of the short- and long-term threats facing big banks, risk executives say. ... Read full article

Koebler, the bank's head of consumer lending, will replace Jerome Lienhard, who is retiring. ... Read full article

When the mortgage giant will be released from government control is anyone's guess, but the company's third-quarter report shows signs of an easier transition. ... Read full article

New court documents underscore the damage inflicted by the Obama administration’s de-risking initiative, argues Rep. Blaine Luetkemeyer. ... Read full article

The Federal Housing Administration is making it easier for reverse mortgage servicers to submit insurance claims by expanding the types of supporting documentation it will accept on defaulted loans. ... Read full article

In public, finance industry leaders have bailed on a key Saudi Arabian investment conference next week. Behind the scenes, dealmakers bringing in the hard cash are fretting — and still going. ... Read full article

Treasury Secretary Steven Mnuchin is facing calls to skip the conference as well. ... Read full article

It's difficult to predict exactly what might be the next threat to the financial system. Here's a roundup of some prime suspects. ... Read full article

The agencies issued a joint statement on the types collaborative arrangements that a bank could employ to make BSA/AML compliance more efficient. ... Read full article

The plan identified five risk areas — including cybersecurity — that will be on the agenda for agency examiners next year. ... Read full article

As the Cincinnati bank seeks to regroup after the fatal shootings at its headquarters, the incident underscores the need for preparedness at banks and credit unions of all sizes, workplace safety experts say. ... Read full article

The agency says the effort, part of a review conducted every 10 years, will help eliminate regulatory red tape. ... Read full article