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Insider – 7/12/2022

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July 7, 2022
In This Issue Risk News
 
 
 
 
 
 

Emerging Risks, Heightened Expectations Make Second Line’s Board Reporting More Critical

 

As board oversight of risks and risk management continues to garner significant attention from federal banking regulators, the roles of the chief risk officer and the risk management function in facilitating the board’s decision-making are also of ongoing regulatory concern. 

 

Join the conversation from RMA’s 2022 Governance, Compliance, and Operational Resiliency (GCOR) Conference session, “Managing Up: Supporting Board Oversight of New and Emerging Risks.”


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This spring, RMA members gathered in Dallas, Texas for the Global Consumer & Small Business Conference, and the Commercial Lending and Credit Risk Conference, RMA’s first in-person events in more than two years. Here are some key takeaways.


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Even the toughest hypothetical scenarios in the European Central Bank’s climate stress test didn’t result in losses that would make a meaningful dent in capital buffers, according to officials at six big euro-area banks.


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As private foundations aim for 100% of their endowment assets and grant funds to serve the greater good, some organizations are moving their money to community development financial institutions, such as  community banks.


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Only about 30% of jurisdictions surveyed said they had passed travel-rule legislation to help prevent illicit use of crypto.


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One key issue centers on transitioning away from the London interbank offered rate to a new rate that could result in lenders having to refinance a loan, raising a host of issues banks would prefer to avoid.


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Join us this fall in Washington D.C!

 

RMA’s Annual Risk Management Conference will take place October 23 – 25, 2022, at the Marriott Marquis in Washington D.C, and virtually December 5 – 8, 2022 alongside the Internal Audit Conference.

 

The event will address how to progress financial institutions through pandemics, social and political unrest, sanctions, inflation, and more.

 

To Learn more, and register, head to our website: https://www.rmahq.org/conferences/2022-annual-risk-management-conference/

 

 

 
Regulatory Corner
 

Some of the nation’s largest banks are now working with the Treasury Department, engaging in role play and sharing information they would have guarded closely in the past.

 

Find out what banks were involved and the results of the five hypothetical threat levels tests.


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Inside the Numbers
 

More than 50% of community banks plan to participate in M&A activity over the next 24 months.

 

Review more notable takeaways from a decade of the RMA Community Bank Survey. And be sure to particpate in this year’s Community Bank Survey.

 

 

Join RMA’s next Risk Readiness Webinar July 12, 2022 1:00 PM to 2:00 PM ET

 

Cryptocurrency Series: A Risk Manager’s Playbook for Digital Assets – Getting a Grip on Risks in Cryptoassets  

Banks must develop a strong Risk playbook to safely on-board cryptoassets, tokens, and protocols into their products, custodians for their digital assets, and digital asset service providers as vendors, partners, and counterparties. Moving safely requires a detailed understanding of financial, technological, reputational, and regulatory risks. There are also strategic risks to standing still, including crypto natives with growing consumer penetration and ambitions for banking licenses / bank-like products. This webinar introduces cryptoasset risk management.

 

To register, head to: https://www.rmahq.org/event/690293854

 

 

 
 
 Voices in Risk
 
 

Bobby Martin, CEO and Co-Founder of Vertical IQ, discusses challenges, risks, and underwriting considerations for the nursing home industry.


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 Inside RMA
 

Join us for a discussion on cryptoasset risk management, and start building your digital assets playbook. 


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Find out about all the events happening around the RMA chapters.


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Register for the 37th Securities Finance and Collateral Management Conference!

 

Join us for the original industry-wide conference sponsored and developed by securities lending and borrowing professionals, for securities lending and borrowing professionals. Happening October 10-13, 2022 at the Ritz-Carlton Key Biscayne, Miami. 

 

Hear from a variety of speakers and engage in real-time conversations with your peers to share best practices, while staying up to date on important topics like collateral management, international market updates, performance measurements, and legal/regulatory updates.

 

To learn more: https://www.rmahq.org/conferences/securities-finance-collateral-management-conference/

 

 

 

 

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