Financial Services
Part 3 Reducing operational and overhead costs starts with the automation of tasks that would otherwise be performed by a human resource. By leveraging...
Here are a few more frequently asked questions. 1.Am I a “creditor” under the rule? The term “creditor” has the same meaning as under...
By: Tom Hannagan Part 3 I believe it is quite important to compare your bank or your investment plans in a financial institution to...
Here we are in March, 2009, four months after the Red Flags Rules deadline OR two months until the Red Flags deadline…depending on your...
Address discrepancies aren't the end of the road, but they sure can be a bump in it. One of the handful of mandatory elements...
By: Tom Hannagan Part 2 In my last post, I started my review of the Uniform Bank Performance Reports for the two largest financial...
By: Tom Hannagan Part 1 It may be quite useful to compare your financial institution’s portfolio risk management process or your investment plans , to the...
At which stage of the application process does the Red Flags Rule apply? The Red Flag Rule would apply whenever you detect a Red...
What to do when you see a Red Flag. Your Identity Theft Prevention Program should include appropriate responses when you detect a Red Flag....
By: Tom Hannagan Part 1 Beyond the risk management considerations related to a bank’s capital position, which is directly impacted by Troubled Asset Relief...
We have been hearing quite a bit about the ponzi scheme that was created and managed by Bernie Madoff. Almost $50 billion dollars was...
How do I know which Red Flags apply to me? The Red Flag guidelinesthat will apply to you depend on a number of factors...
The difference between market risk and credit risk By: Tom Hannagan Market risk is different than credit risk. The bank’s assets are mostly invested...
By: Tom Hannagan In my past postings, we’ve discussed financial risk management, the role of risk-based capital, measuring profitability based on risk characteristics and...
During a recent real-time survey of 850 representatives of the financial services industry: only 36 percent said that they completely understood the new Identity...