Rising Rates and Banks: Robust Scenarios, Updated Platforms Help to Manage Uncertainty

The rising rate environment is creating new risks and opportunities for banks of all sizes. To cope, they need to conduct robust scenario analysis, update platforms, and train staff to adapt while maintaining focus on profitability, according to experts at the Risk Management Association’s recent annual conference.

The Federal Reserve is raising rates for the first time since 2018 to cope with decades-high inflation. “We’re experiencing a fairly unique monetary environment,” s…