Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
LIBOR transition is focus of FDIC Insights
The Winter 2018 issue of FDIC Supervisory Insights features an article examining the future of, and alternatives to, the London Inter-bank Offered Rate (LIBOR), a popular reference rate for commercial loans, residential mortgages, derivatives and swaps, and other credit instruments. While LIBOR is often viewed as a reference rate used by larger financial institutions, it is also important to smaller community banks and savings institutions. Due to initiatives that could transition financial markets away from the use of LIBOR, this reference rate may not be available to financial institutions to use after 2021. “Transitions in Financial Instrument Reference Rates” discusses alternative reference rates and planning considerations for a potential change.
The issue also includes a "Regulatory and Supervisory Roundup" section, which provides an overview of recently released regulations and other items of interest.