What is Extreme Weather Telling Us About the Future of Financial Risk Management?
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Insights

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

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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

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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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VBC – Fed SCALE CECL Tool – Benefits and Challenges

Posted in CECL, Insights

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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COVID-19 and Bank Liquidity

Posted in Covid-19, Insights, 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, Insights, 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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