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Resources

Velligan-Blaxall Consultants Launches VBC Advisors, A Specialty Professional Advisory Practice Serving Financial Institutions

Posted in VBC Advisors

Velligan-Blaxall Consultants, LLC is pleased to announce the launch of VBC Advisors, our specialized consulting services division offering professional advisory services and resource augmentation in the practice domains of model risk management (MRM), Governance Risk Compliance (GRC), data, and technology. Co-led by Brian Velligan and James Glueck, VBC Advisors delivers proven experience informing MRM framework

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Managing Liquidity Risk at Community Financial Institutions: The Liquidity Coverage Ratio

Posted in Asset Liability Management, Liquidity Risk

In Challenging Times, Liquidity is Critical. Back in February 2020, no one would have predicted that the entire world would ban international travel; close restaurants, hotels, churches and factories; and pull children from schools. We have all adjusted to this post-Covid-19 world, and we are hoping for a cure. Our economy is resilient because our

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VBC – Fed SCALE CECL Tool – Benefits and Challenges

Posted in CECL

The Federal Reserve has recently released a new tool, referred to as the Scaled CECL Allowance for Losses Estimator or “SCALE”. SCALE is an Excel-based tool that was developed to assist in calculating a CECL reserve and is intended for smaller institutions with less than $1 Billion in assets and limited loan portfolio complexity. The

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VBC Corporate Policy Statement on COVID-19

Posted in Covid-19

The Corona Virus outbreak is emerging to be a global health crisis not seen in over a century. VBC is prepared to meet the challenges the outbreak presents, which includes remaining informed with the disease’s progress. We are actively monitoring information as presented from agencies such as the World Health Organization (WHO), The U.S. Centers

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COVID-19 and Bank Liquidity

Posted in Covid-19, Liquidity Risk

Our own Brian Velligan was a guest on The Kafafian Group, Inc. on their most recent podcast, discussing COVID-19 and its impact on bank liquidity.

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Model Risk Management’s Role With BSA/AML Compliance

Posted in Financial Crime Consulting, MRM

On April 9, 2021, the Joint Regulatory Agencies issued a statement to address how the Supervisory Guidance on Model Risk Management (MRMG) applies to models used by financial institutions (FIs) to assist in complying with BSA laws and regulations. The statement is not meant to change or add requirements. Instead, it clarifies and highlights the

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