Resources
VBC – Fed SCALE CECL Tool – Benefits and Challenges
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 …
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.
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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