How to gain more from operational risk management practices. Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
Fed bans former Virginia banker
The Federal Reserve Board announced yesterday it has issued a consent prohibition order to a former branch manager of Highlands Union Bank, Abingdon, Virginia, for violating lending policies for her own benefit by generating loans for relatives and for her own benefit, and failing to send the loans to the bank's loan operations department for booking.