For most of us, the greatest challenges we face in the current crisis are not behind us. They are in front of us, spread out over the next 3-5 years. You might ask, “How can you say this Farin, when some of the top economists in the country are saying the recession is over?” Continue reading
Many institutions were just getting used to have an informational web site. Gen Y-ers may never foot in your branch, if you want to get their business, you have to play on their turf, which means communicating in their language. Online. Instant. Targeted. Personal. Now. Continue reading
The “Proposed Interagency Guidance – Funding and Liquidity Risk” was issued by the FDIC, OCC, OTS, NCUA and the Federal Reserve on 7/6/09. The comment period ends on 9/4/09. With everything else going on in the industry, you may have not taken the time to read this proposal. It needs to be better organized and some of the redundancy needs to be cleaned up. I’ve provided a
The “Proposed Interagency Guidance – Funding and Interest Rate Risk Management” provides guidance on a very crucial issue – liquidity risk management. I believe the guidance addresses many critical issues institutions should deal with when developing a liquidity strategy, liquidity policy statement, and contingency funding plan. Hopefully the final version will be better organized and reduce some of the redundancy within the document.
In the review I see two Continue reading
Register for the FREE XSPEAK WEBINAR SERIES TODAY
We can hear it already. “We don’t need this session. We’ve already cut rates in order to reduce our cost of funds.” Your rate cuts may or may not have slowed deposit growth. But have you optimized the relationship between pricing and demand? In almost every case we’ve looked at in the last 6 months, the answer is no, you haven’t! In other words, you are leaving money on the table right now. Continue reading
It’s August and we’re headed into another budget season. Work is beginning in most shops to develop a plan for 2010 — a year with great uncertainty. This uncertainty will impact plans for 2010 and beyond in a number of ways. I’d love to be able to say we have answers to all the unknowns caused by the current economic environment. But we’re in uncharted waters. I do know this Continue reading
Why can’t we explain the Treasury’s Capital Purchase Program (CPP) to the general public? Politicians don’t seem to understand it. The financial press doesn’t seem to understand it. But the worst indictment is that the executives of banks themselves along with their public spokespeople don’t seem to understand it well enough to explain the plan to the general public. Continue reading
