How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
FRB proposes new Reg XX
A Federal Reserve Board press release has announced approval of a Notice of Proposed Rulemaking (NPR) inviting comments on a proposed rule (Regulation XX) that would implement section 622 of the Dodd-Frank Act. A financial sector concentration limit would be established that generally prohibits a financial company from merging or consolidating with, or acquiring, another company if the resulting company's liabilities upon consummation would exceed 10 percent of the aggregate liabilities of all financial companies as calculated under that section. In addition, the proposal would establish reporting requirements for certain financial companies. Comments must be received by July 8, 2014. [Editor's note: Federal Register publication date May 15, 2014.]