Resources
Prognoses from VBC for the Regulatory Road Ahead
As 2023 draws to a close, the risk specialists at VBC would like to share our prognoses and predictions for the regulatory road ahead. Our views reflect what we have seen from our clients following the high-profile failures of Silicon Valley, Signature, and First Republic, as well as our careful read of regulatory pronouncements and …
What is an Automated Valuation Model (“AVM”) and do we have to validate it?
Posted in Credit Risk, Insights, Model Validations, MRM
AVMs are a regulatory hot topic at the moment. It likely these are considered “models” per regulatory guidance meaning users will have to validate any AVM in use. To provide some background, an AVM is an Automated Valuation Model, and per Fannie Mae, AVMs are “statistically based computer programs that use real estate information, such …
Credit Risk: The Third Leg of Risk in 2023
Posted in Asset Liability Management, Credit Risk, Insights, Liquidity Risk
Haverford, PA, March 23, 2023 The recent failures of Silicon Valley Bank (SVB) and Signature Bank shined the spotlight on the realities of interest rate risk and liquidity risk. Unrealized losses became relevant when coupled with a period of exacerbated liquidity risk. Simulations of reduced equity became a reality. Yet another risk to keep a …
Liquidity, From Feast to Famine
Posted in Insights, Liquidity Risk
Haverford, PA, March 15, 2023 Over the past several years financial institutions have been flush with liquidity while interest rates were at historic lows. The liquidity feast was perpetuated by the massive fiscal stimulus, the PPP loan program and the lack of consumer and business spending. Throughout the first 18 months of the pandemic the …
VBC and Seifried & Brew Join Forces to Expand Offerings to the Financial Services Industry
Posted in News & Events
Haverford, PA – January 5, 2023 Velligan-Blaxall Consultants, LLC (VBC), a leading risk management firm headquartered in Haverford, PA has acquired Bethlehem, PA based Seifried & Brew, LLC (S&B) as part of the firm’s ongoing strategic vision to expand its service offerings and increase its value-proposition for clients. S&B brings their nationally recognized Risk Assessment …
Post-Pandemic Considerations, A VBC Series:
Potential Challenges Faced by Financial Institutions
Posted in Covid-19, Insights, Liquidity Risk, Product Analytics, VBC Advisors
Haverford, PA, October 12, 2022 Deposit funding loss finally arrived During the covid era, the additional stimulus liquidity flowing into depository institutions (and curtailed social entertainment spending by depositors) meant that reasonable margins remained despite low earning asset yields. Now, after five rounds of policy rate hikes to stem inflationary concerns (with even more expected …
VBC Advisors Announces the Launch of a $10 Billion Crossover Readiness Preparation and Planning Services Offering
Posted in MRM, News & Events, VBC Advisors
In making this offering, VBC Advisors applies its agile, client-centric services delivery model to ensure that its pool of skilled consulting resources and experts are carefully aligned against client requirements. VBC Advisors delivers comprehensive, fit-for-purpose and tailor-made governance, risk, and compliance (GRC) frameworks, independent risk and gap assessments, and actionable, independent guidance supporting $10 billion threshold …
Climate-Related Financial Risk: What is Extreme Weather Telling Us About the Future of Financial Risk Management for Financial Institutions?
Posted in Insights, VBC Advisors
It is no surprise to anyone that the Summer of 2022 has been extremely hot and dry, prone to flash floods on the one hand, and devastating wildfires on the other. “Extreme weather” appears to have become our new normal, as anyone who lives in the cities, states and regions affected by these events knows …
Velligan-Blaxall Consultants Launches VBC Advisors, A Specialty Professional Advisory Practice Serving Financial Institutions
Posted in Insights, News & Events, 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 …
Managing Liquidity Risk at Community Financial Institutions: The Liquidity Coverage Ratio
Posted in Asset Liability Management, Insights, 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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