General Blog Posts

Model Risk

The Office of the Comptroller of the Currency (the "OCC") and the Federal Reserve (the "Fed") recently issued some guidance regarding Model Risk. OCC Bulletin 2011-12 and Supervision and Regulation Letter 11-7 outline new supervisory guidance describing how financial institutions should manage the risks associated with model use. By model…
July 7, 2011
General Blog Posts

New FASB Disclosure Requirement

I want to bring to your attention a new FASB Update titled “Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses" that will be effective for most credit unions’ December 31, 2011 year ends. In case you haven't been able to read the 92 page…
April 22, 2011

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