October 8, 2020

The pandemic has forced many lessons on us, not the least of which is the importance of being prepared. I don’t mean being-well-stocked-on-toilet-paper prepared.

The challenges we have faced in 2020 have come at us out of nowhere and at a lightning pace. The world continues to face a global pandemic, while regulators and businesses are mainly reinventing significant industries.

Many banks across the country are at risk of CAMELS downgrades, increased deposit insurance assessment premiums and regulatory enforcement actions due to inadequate risk management practices for their COVID-19 Loan Modification Program.

In a low-interest-rate environment where earnings and risk management are front and center, the Whole Loan Trading market can be an effective mechanism to achieve your financial and risk management goals.

The COVID-19 pandemic has changed American life as we know it. As the country continues to deal with the health crisis, the effects of containment measures ripple through the American economy.

The COVID-19 pandemic’s first six months have proven predictably unpredictable for banks. PPP and other government assistance programs might have temporarily staved off widespread loan defaults, but they foisted unique challenges on the banks charged with disseminating relief funds.

In January 2012, Ben Bernanke introduced the world to the FOMC’s first dot plot to clarify the Federal Reserve’s rate outlook. The median projections were for 25 bps to conclude 2012 and 2013 with a 75 bps median projection by the end of 2014.

Beginning as early as March 2020, there have been several fraudulent filings made with the Colorado Secretary of State (“SOS”) involving former and current bank entities.

Being a member of the C-suite can be demanding, as you are responsible for the health and resiliency of your institution. The challenge in leading any organization is ensuring that the right questions are asked, the right priorities are set, and the right amount of resources are allocated.