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.
McWilliams on Brokered Deposits rule
In her keynote address at the Brookings Institution yesterday, FDIC Chairman Jelena McWilliams spoke on "Brokered Deposits in the FinTech Age." After discussing the history of the general prohibition on brokered deposits at banks with lower capital ratios, which was a reaction to the failures in 1982 of Pacific Coast Bank and Penn Square Bank, McWilliams discussed a revised rule with a new framework for brokered deposits that the FDIC Board is scheduled to vote on today.