As a service to our members, the Risk Management Association has created a website to aid financial institutions in their response to the COVID-19 coronavirus. The site’s resources include a detailed crisis management planning checklist, recommended internal and external communications protocols, an analysis of potential pandemic scenarios and their implications, and RMA Journal articles focused on keeping your financial institution and its people safe.
Pandemic/Crisis Management Tools
Legislation & Regulatory Guide
Blogs & Articles from Trusted Sources
A special thank you to Stephany Head, PhD, Oprisk Associates, for working with RMA to put all of these Pandemic/Crisis Management tools together.
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Pandemic planning, a component of a comprehensive crisis management strategy, is becoming increasingly important to an organization’s survival and continued success in our ever complex global economy. Our ability to effectively respond in times of crisis requires an understanding of our critical infrastructure requirements, an appreciation for the human needs of our organization, and a predefined ability to integrate and use public resources (both on a national and international level). Crisis management extends the normal processes of business continuity management. A crisis event can create multiple issues that evolve over time, requiring unique responses, flexibility in strategy, and interdependence between other organizations and public resources on a national and possibly international scale.
The webinar discusses the distinctive characteristics associated with crisis management planning, with a focus on organizational responses to a pandemic. Specific topics include:
Presenter Stephany Head, Ph. D., who has worked with the federal government and private industry implementing enterprise risk management programs, and who recently co-authored an RMA Journal article on cybersecurity readiness, will provide various scenarios and a crisis management response-planning framework to help institutions get started immediately.
Who will benefit?
Individuals within an organization responsible for understanding, planning, and overseeing the implementation of the institution's pandemic response program should attend. This webinar is appropriate for all size institutions.
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In a follow-up to RMA’s Risk Readiness Webinar that addressed the operational risks presented by pandemics, Joe Breeden of Prescient Models will address how pandemics can affect your financial institution’s portfolio. The session will discuss stress testing a pandemic, and features Breeden’s top learnings as a forecaster for a major lender in Hong Kong during the SARS crisis.
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2:30–3:30 P.M. E.T.
With the world bracing for the potential impact of the COVID-19 coronavirus, financial institutions must take action now to protect customers and colleagues, ensure business continuity, and manage a wide range of associated risks. In an RMA Risk Readiness Webinar EXTRA, Mick Ankrom, RMA Chair and Bank of America’s Head of Enterprise Credit Risk, will discuss the coronavirus response in a Q&A with RMA CEO Nancy Foster. The webinar will also include an update on the coronavirus outbreak and segment on internal pandemic communication hosted by Stephany Head, Ph.D., of Op Risk Associates. Head was the presenter for RMA’s recent Pandemic Planning webinar, which is available for download.
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1:00–2:00 P.M. E.T.
In a follow-up to RMA’s Risk Readiness Webinar that addressed the operational risks presented by pandemics, Joe Breeden of Prescient Models will address how pandemics can affect your financial institution’s portfolio. The session will discuss stress testing a pandemic, and features Breeden’s top learnings as a forecaster for a major lender in Hong Kong during the SARS crisis.
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Pandemic planning, a component of a comprehensive crisis management strategy, is becoming increasingly important to an organization’s survival and continued success in our ever complex global economy. Our ability to effectively respond in times of crisis requires an understanding of our critical infrastructure requirements, an appreciation for the human needs of our organization, and a predefined ability to integrate and use public resources (both on a national and international level). Crisis management extends the normal processes of business continuity management. A crisis event can create multiple issues that evolve over time, requiring unique responses, flexibility in strategy, and interdependence between other organizations and public resources on a national and possibly international scale.
The webinar discusses the distinctive characteristics associated with crisis management planning, with a focus on organizational responses to a pandemic. Specific topics include:
Presenter Stephany Head, Ph. D., who has worked with the federal government and private industry implementing enterprise risk management programs, and who recently co-authored an RMA Journal article on cybersecurity readiness, will provide various scenarios and a crisis management response-planning framework to help institutions get started immediately.
Who will benefit?
Individuals within an organization responsible for understanding, planning, and overseeing the implementation of the institution's pandemic response program should attend. This webinar is appropriate for all size institutions.
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Since March 11, U.S. employers have gone from planning for a possible pandemic to widespread voluntary self-isolation, and increasing mandatory government restrictions to try to limit the spread of COVID-19. Many business have seen dramatic drops in customers. This webinar will provide practical answers to the most common questions facing employers, and a high-level analysis of any new federal legislation.
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The COVID-19 crisis is expanding cybersecurity and data privacy risks for financial services organizations in important ways: First, cyber criminals are taking advantage of this crisis to launch phishing campaigns specifically intended to lure email users into clicking on malicious links or attachments that appear to be legitimate information from public health officials and other news sources about the growing coronavirus risk.
Second, as more organizations are moving towards remote transactions, cyber criminals will be taking advantage of the COVID-19 crisis to increase business email compromise attacks intended to trick unsuspecting companies and individuals into wiring funds to fraudulent accounts.
Third, as organizations of all kinds have more staff working remotely as part of their overall coronavirus response, there is a heightened risk that staff may handle privacy-protected information outside of secure channels – forwarding sensitive information to personal email accounts, uploading it into non-secure or personal cloud storage platforms, downloading it onto removable media, and the like. All of these workarounds, and other common work-from-home scenarios, increase the risk that there could be unauthorized disclosures of data that’s subject to various privacy laws or contractual data protection obligations, and that cyber actors may gain access to the organization’s data or systems.
Finally, the coronavirus outbreak is confronting organizations with complex questions under U.S. and international data privacy laws as they consider how to balance rapid and effective containment, mitigation, and response to COVID-19 threats while complying with the complex requirements of multiple privacy laws. From biometrics to data mining, organizations are looking at novel technologies as well as traditional measures to identify and forecast potential impacts of COVID-19.
This session will provide an overview of the ways in which the current incident is increasing the complexity of privacy and cybersecurity legal risks, and discuss steps that organizations can take to mitigate those risks.
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Stress Testing for Pandemics Representatives from EY, PWC, KPMG, and Deloitte will discuss and answer questions about the CARES Act, Covid-19 and what they mean for the CECL process in terms of governance, validation, models, calculations, application of national forecast models, and qualitative factors.
Target audience: This webinar is for leaders in U.S. financial institutions that are adopters of CECL for 2020. It is useful to all senior level positions, and analytics practitioners who work with data gathering, build, model and test, finalize and report, and validation.
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The Small Business Administration’s Paycheck Protection Program is set to launch on Friday. The webinar will cover the basics of the PPP and provide details on key aspects of lender and borrower eligibility and loan forgiveness under SBA and Treasury guidelines.
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This session, targeted to the financial services institutions that will help fund the nation’s recovery, will describe the different programs that the Federal Reserve, working with the Treasury, has or will soon be putting in place for companies of all sizes.
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A briefing on the implications of a negative interest rate policy in the U.S. on financial institutions. RMA Global Markets Risk Director Fran Garritt will moderate a panel of subject matter experts from Ernst & Young as they discuss actions financial institutions can take to prepare for a potential negative rate environment.
On March 15, the Federal Reserve cut interest rates to a range of 0% to 0.25% to protect the U.S. economy from effects of the COVID-19 outbreak. Now, U.S. market participants are preparing for a negative rate policy given continued market instability and the prevalence of negative rates in other countries.
Panelists will outline practices for firms to assess and mitigate disruptions to ongoing business activity, risk management, technology, and operations. Key areas of focus to be covered during the session include:
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This is the second session that will build upon the prior session by diving deeper into consumer and commercial modeling considerations under COVID-19 and the connection to the qualitative framework. Additionally, we will discuss the latest updates from FASB and the regulatory bodies on CECL deferral and TDRs.
Provides participants with relevant background on the stimulus package as well as discuss the current concerns around CECL – COVID 19 impact. Panelists will discuss the deferment of CECL; current modeling forecasts concerns. Key areas of focus to be covered during the session include:
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Bank lending had been robust, both commercial and consumer lending, and liquidity was tightening in the community banking industry. Then in mid-February everything changed with the rapid growth of the Coronavirus. This session will focus on the state of the industry in early April. Key areas of focus to be covered during the session include:
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This webinar will address the rules of the road for banks in their dealings with financially distressed customers, and how the paradigm has shifted as a result of COVID-19 and changes to the bank regulatory framework.
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The scope, duration, and severity of the COVID-19 threat is, as yet, unknown, leaving financial institutions to confront a new reality.
How can leaders act decisively to protect the financial well-being of their customers, support critical operations, and restore market confidence? What tools do firms have to confront this crisis? And what tools do they need to build to face unprecedented challenges?
During this timely webinar, Tom Sebekos, EY Principle Credit Risk and Preston Thompson, EY Managing Director Credit Risk, will discuss the challenges that banks are facing from a credit risk perspective, focusing on three themes:
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With the nation under stay-at-home orders, large sectors of the economy have ground to a halt. Business owners face immediate cash flow disruptions, and are having to make tough choices quickly and without much guidance.
All banks are now faced with a huge volume of activity. New government support programs will run through the banks. What are some things banks can do to handle the challenges of this shock to the economy?
In this webinar, we present a set of practical ideas banks should consider to address the near term, and to lay the groundwork to come out of the pandemic stronger than ever before. If you are looking for inspiration to dealing with these challenging times, please join us.
Sponsored by: Fincura
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In the blink of an eye the global economy changed with the arrival of COVID-19. In this session we will consider projections for the US economy at both a national and regional level. We will discuss the trajectory of the COVID-19 virus and how it could impact the re-opening of the US economy. We will examine recent real-time and alternative economic data to gauge the impact of widespread lockdown and stay-at-home measures. We will summarize monetary and fiscal policies and how they may shorten – or prolong – a recovery. Finally, we consider how all of these factors are impacting individual families and their spending, saving and borrowing decisions.
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Real estate in the time of Covid-19: a REIT perspective.
The impact of COVID-19 will be felt across all properties types as the effects of social distancing, travel restrictions and economic recession will deteriorate the financial health of tenants. S&P Global real estate analysts will discuss ongoing developments in multiple property types, as well as key financial considerations as REITs weather through this pandemic.
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COVID-19 has opened the door to many new risks and will continue to throughout the year. New processes and procedures need to be developed for once people begin to return to work and physical businesses re-open. As the Payroll Protection Program is poised to receive additional funding, financial institutions will need to consider operational risks around distribution of these funds, identification of fraud as well as potential lawsuits from companies unable to secure funding. Learn practical steps for identifying risks and how to manage them.
Sponsored by: LogicManager
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Attendees of this Webinar will hear about the challenges, pitfalls and best practices related to working and auditing from home. Given the changing risk profiles of financial services companies during these unprecedented times, the presenters will share real life examples of how, and what, they are focusing on as audit professionals in a virtual world.
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Join a webinar hosted by Oliver Wyman, focused on issues Board members are facing as the U.S. banking industry faces the financial consequences of the COVID-19 pandemic. The discussion will center on issues faced by Board members, as well as highlight watchpoints for the second quarter and beyond. Topics covered will include:
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In this webinar, Moody’s Analytics head of commercial real estate, Victor Calanog, will provide an overview of the near-term future of the US economy, and how to think through the forces that are stressing various property types and geographic markets – where is the stress concentrated? Why? And how will the built environment evolve in response to this shock? Which effects will be transitory and which ones are likely to be more lasting?
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Attendees of this webinar will hear about the challenges facing financial institutions in managing model risk in these unprecedented times. The presenters will discuss some of the key aspects of models including input data, processing components, outputs and the overall governance framework and how four broad model categories are impacted in these areas by the pandemic. The presenters will share insights and best practices related to managing these risks.
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Across all industries and practice areas, attorneys are predicting a wave of litigation and government enforcement actions stemming from the COVID-19 pandemic. Indeed, the first indications of a groundswell are already apparent, with both newly filed COVID-triggered private civil complaints and the first COVID fraud-related criminal prosecutions already underway. On the civil side, potential claims will run the gamut, touching on employment related issues and newly created statutory rights. With the overnight transition to remote working and the unexpected need to lay off large numbers of workers, employers can expect to see a variety of Fair Labor Standard Act claims and potential WARN Act violation allegations, both of which are uniquely situated to become class actions. On the enforcement side, prosecutors and regulators are responding to a variety of fraud schemes, including fraud and abuse in connection with the federal stimulus funds available under the CARES Act. Meanwhile, all of this is occurring against the backdrop of new state and federal legislation creating a legislative minefield for compliance professionals.
Join us for a discussion of COVID-19 litigation, including exposure risks, damages, and potential mitigation efforts.
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The CARES Act has created a number of new lending programs including the Paycheck Protection Program (PPP) and the Main Street Lending Program. Interim Regulations, Model Term Sheets and FAQs have been issued at a dizzying pace leaving many questions unanswered. While “plant touching” marijuana related businesses have been excluded from these programs, questions remain as to whether “non-plant touching” businesses serving the marijuana industry can access programs under the CARES Act. This webinar will cover hot topics and unanswered questions related to these issues and of particular interest to the banking industry.
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Get details on the risks to various markets unleashed and exacerbated by the COVID-19 pandemic, including the possibility of a negative interest rates policy and other moves by the Federal Reserve, and uncertainty surrounding yields and the LIBOR transition. This session hosted by the head of Bank of America’s interest rate strategy team will also address the impact of fiscal policy including various government stimulus programs, and a look at what the rest of 2020 may hold.
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The COVID-19 pandemic has caused rapid changes in oversight with new risks emerging across the industry, including fraud risk. Managing fraud risk is critical for effective enterprise risk management. This webinar focuses on internal audit's role in identifying and mitigating those risks in uncertain times.
Our panel of fraud and financial crime professionals have broad knowledge and experiences in enterprise fraud risk assessments and investigations and will share leading strategies and practices to implement now and post crisis.
After attending this webinar, attendees will be able to:
Agenda
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To get one of the first looks at credit quality since COVID-19, please join us for the Q1 Credit Trends in Commercial Lending webinar on May 21, 2020 from 1:00-2:00 PM Eastern. We are already seeing the impacts, including:
Special Topic: Update on the Energy Sector. This quarter, we analyze recent and historical trends in loan growth and credit quality for the Energy industry, a sector battered by recent price declines as well as the COVID-19 pandemic
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As we maneuver through the financial crises brought on by Covid-19 we may find business customers facing uncertain financial futures and seeking relief on their debts, whether through a structured workout or a bankruptcy proceeding. When a borrower’s financial future is in doubt, or it is facing insolvency, the account is usually transferred to a workout specialist, but community and regional bank bankers who are not workout specialists need to know the basics to navigate the troubled credit process. What should you be doing in the workout phase to maximize recovery and minimize the risk on a troubled loan? Are there measures you can take prior to a bankruptcy brought on by Covid-19 to mitigate your risk? Hear from an attorney who specializes in workouts and bankruptcy law explain how to maneuver during this very critical period.
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RMA is pleased to present a special webinar session that will cover the features of the Office of the Comptroller of the Currency’s recently issued final rule modernizing the agency’s regulations under the Community Reinvestment Act. Joining us for this session will be OCC Acting Comptroller Brian Brooks, Senior Deputy Comptroller Grovetta Gardineer, and OCC Principal Deputy Chief Counsel Bao Nguyen. These OCC officials will compare and contrast the new rule with the agency’s previous rule and the CRA rules currently in place and enforced by the Federal Reserve Board and the Federal Deposit Insurance Corporation. A question and answer session will follow the presenters’ formal remarks.
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As the initial wave of the COVID-19 pandemic tapers off, businesses are looking to reopen and some of the remote workforce will be going back onsite. As a result, the work environment we have become accustomed to will be changing, creating new challenges and risks that internal audit groups will have to assess. This webinar focuses on internal audit's role in identifying and planning for those risks in uncertain times.
Our panel of internal audit professionals have first-hand experience in managing an IA function through this pandemic and planning for post-COVID operations; and will share leading strategies and practices for consideration.
After attending this webinar, attendees will be able to:
Agenda:
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Join a webinar hosted by Oliver Wyman, focused on issues Board members and Senior Managers are facing in managing commercial credit during the Pandemic. The discussion will center on issues faced with existing credit decisioning tools and processes as well as highlight approaches to tackle those issues. Topics covered will include:
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Join your fellow internal audit and risk professional colleagues for RMA’s Regulatory Compliance Webinar, “Operating in a Resiliency Environment: What is the impact on Regulations, AML and Enforcement Actions.” The complementary webinar, brought to you by RMA’s Internal Audit Council, will consist of three 60-minutes sessions with financial industry risk and audit experts. Attendees will learn about the developments, priorities, and issues organizations are facing in operating in these unprecedented times. Topics will include emerging issues in pandemic event financial crimes, bank supervision and enforcement, and understanding a firm’s operational resilience capabilities. 3.6 CPE credits are available for this webinar.
Agenda
Session 1 - 2:00 P.M. EST to 3:00 P.M. EST
Emerging Issues in Financial Crimes As We Go Through the Current Pandemic Event”
Speakers: Tim Ryan, Managing Director of Adherence, Sheltered Harbor, LLC; Gino Ercolino, Director, Treliant, LLC; Alan K. Halfenger, Managing Director, Treliant, LLC; Paul F Roberts, Jr., Supervisory Special Agent, Federal Bureau of Investigation, New York, NY
Sponsored by: KPMG
Session 2 - 3:00 P.M. EST - 4:00 P.M. EST
What Happens When Compliance Goes Wrong?
Speaker: David Sewell, Counsel, Debevoise & Plimpton, LLP
Session 3 - 4:00 P.M. EST - 5:00 P.M. EST
A New Era of Resilience: Regulatory and Compliance Perspectives on Operational Resilience
Speakers: Douglas (Doug) Wilbert, Managing Director – Risk &Compliance US Operational Resilience Leader / US Capital Markets Leader, Protiviti; Carlo di Florio, Partner & Global Chief Services Officer, ACA Compliance Group; David Cass, Vice President - Cyber & IT Risk, The Federal Reserve Bank of New York Supervision Group; Ihab Dana, US Regional Head of Business Continuity Management, Royal Bank of Canada; Theresa (Terry) Grafenstine, Global Audit Leader for Cyber, Resiliency & Third Parties, Citi
Sponsored by: Protiviti
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Once you have registered through the RMA website, you will receive an email to complete your registration for this event in Zoom.
When we asked the question, “What challenges does the COVID-19 economic shock pose to model risk management?”, we opened the door to many more questions than we could answer on our May 13, 2020 webinar. Clearly this topic is weighing on many people, and we regretted not having the time to respond. So, we’ve asked our experts to present Part II, which will answer the questions from that webinar, and provide time for more Q&A on the topic of model risk management in the time of COVID-19.
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Once you have registered through the RMA website, you will receive an email to complete your registration for this event in Zoom.
Join a webinar hosted by Oliver Wyman, focused on issues Board Members and Senior Managers are facing during the Pandemic. Many economies have begun to reopen, but the latest epidemiological data suggests that the road to reopening may be bumpy. Helen Leis, a Partner in our Health & Life Sciences practice, will provide an epidemiological update including the latest data and forecasts from Oliver Wyman’s Pandemic Navigator, as well as share her perspectives on potential suppression scenarios over the coming months. The session will conclude with a discussion on the implications of these potential scenarios on the economy and on corporations as they navigate reopening.
Topics covered will include:
Latest epidemiological update: Economies are re-opening. What do the latest epidemiological data and forecasts suggest in terms of the likelihood of future outbreaks? How does the story vary by country and region? What have we learned about the virus and what remains unknown?
Suppression scenarios: What possible paths could the pandemic take from here and which ones are most likely? What actions can be taken to influence the course? How should corporations be responding?
Implications: Given the great deal of uncertainty that remains, how should corporations be thinking about these scenarios and their responses to them? What recommendations do we have for preparing for the next 6-12 months?
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Once you have registered through the RMA website, you will receive an email to complete your registration for this event in Zoom.
Join RMA and presenters Preston Thompson and Tom Sebekos from E&Y to discuss how to manage your financial institution through the current downturn, including near-term implications like preparing for loan mod/loan workout, and interim-term issues like changes in demand for commercial real estate (especially office space) as well as residential real estate in certain locations – with an eye on valuations and cash flow for property owners who have loans secured by the property. We will also discuss “the beyond” - how do you leverage the data being used to track infection rates and how can it be leveraged from a credit monitoring perspective?
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Once you have registered through the RMA website, you will receive an email to complete your registration for this event in Zoom.
Where is distress manifesting in commercial real estate performance metrics, and where are we in the so-called post-COVID-19 world given reopening efforts? How has COVID-19 shifted our approach to the reliability of data, the soundness of forecasting, and traditional methods for monitoring and prediction? And how have market participants with skin in the game - not just researchers - reacted to these changes? Which approaches resonated with them and which did they disagree with? Join RMA and Moody’s Analytics Head of Commerical Real Estate Economic, Victor Calanog, and Senior Director, Christian Henkel, for a discussion on economic forecasting, credit risk analysis, and actual case studies with clients - given how the world is struggling to make sense of how things have changed (or not).
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Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.
Richard Reynolds, Partner at PWC, will moderate a panel which will discuss the following topics:
CECL will continue to present unique challenges in effectively forecasting macroeconomic conditions. Banks should challenge themselves to determine if the current Reasonable & Supportable and Regression periods are appropriate in the current environment. Economic scenarios will need to reflect the unique profile of each bank and anticipated customer behavior.
Qualitative adjustments to CECL credit loss modeling will be a significant portion of final forecasted results for the immediate future. Proper analysis, documentation, and effective challenge will be required to support these adjustments.
Banks will need to update their models and assumptions to incorporate the impact of COVID-19 in their credit loss forecasts, while considering the lack of meaningful historical data. They will need to assess the impact of unprecedented unemployment rates, government stimulus, and customer forbearance programs.
Similar to CCAR and other areas of critical judgments, the Board of Directors and Senior Management will have an expanded role in the governance of CECL and need to provide more direct effective challenge in the areas of economic forecasting and critical modeling judgments.
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3:00–4:00 P.M. E.T.
Once you have registered through the RMA website, you will receive an email to complete your registration for this event in Zoom.
Where is distress manifesting in commercial real estate performance metrics, and where are we in the so-called post-COVID-19 world given reopening efforts? How has COVID-19 shifted our approach to the reliability of data, the soundness of forecasting, and traditional methods for monitoring and prediction? And how have market participants with skin in the game - not just researchers - reacted to these changes? Which approaches resonated with them and which did they disagree with? Join RMA and Moody’s Analytics Head of Commerical Real Estate Economic, Victor Calanog, and Senior Director, Christian Henkel, for a discussion on economic forecasting, credit risk analysis, and actual case studies with clients - given how the world is struggling to make sense of how things have changed (or not).
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Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.
COVID-19 has rapidly accelerated the need for financial institutions to transform and respond to unprecedented change in a way that can be labeled as the new normal. Black Swan events in recent months have resulted in global dislocation, impacting how organizations operate in almost every aspect of life. Therefore, financial institutions need to consider an end-to-end approach to strategic initiative governance as fundamental to digital transformation of processes and the application of new technology.
This webinar will provide you with insight into:
Speaker Info:
Suraj Nekram, CEO and Co-Founder, Inpensa Software
Inpensa Software is a SaaS provider of end-to-end digital investment governance solutions used by forward-thinking leaders in banking, healthcare, life sciences, technology, and other highly demanding and regulated industries to manage the full lifecycle of strategic initiatives. Before founding Inpensa, Suraj served as a senior finance executive for several organizations, including Bank of America Merrill Lynch, where he was responsible for the integration and prioritization of more than $16b in technology initiatives with a cost take-out mandate of $500m across Bank of America, Merrill Lynch and Countrywide.
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Once you have registered through the RMA website, you will receive an email to complete your registration for this event in Zoom.
This fireside chat will feature Nancy Foster, CEO of RMA and Amanda Norton, Chief Risk Officer of Wells Fargo. They will be discussing the impact Covid-19’s had on the consumer risk world and managing through and into the future of the Pandemic. How are the different consumer products fairing during this tough time and where do the risks lie? As the country moves through the pandemic, what should banks do to support their consumer base, address internal concerns with staff, and what is the future for consumer risk?
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11 A.M. - 12 P.M. E.T.
Moderator: David G. Sewell, Counsel, Debevoise and Plimpton
Panelists: Gideon Hart, Senior Counsel, KeyCorp
Sahil Godiwala, Managing Director and Senior Managing Counsel, Bank of New York Mellon
Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.
As the COVID-19 pandemic enters its sixth month, navigating the associated economic and operational challenges has become the “new normal” for financial institutions in the United States. Guidance from the bank regulatory agencies has been helpful but, in many cases, raises as many questions as answers. This practical, interactive panel will discuss, among other topics:
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This webinar has ended
Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.
COVID-19 has rapidly accelerated the need for financial institutions to transform and respond to unprecedented change in a way that can be labeled as the new normal. Black Swan events in recent months have resulted in global dislocation, impacting how organizations operate in almost every aspect of life. Therefore, financial institutions need to consider an end-to-end approach to strategic initiative governance as fundamental to digital transformation of processes and the application of new technology.
This webinar will provide you with insight into:
Speaker Info:
Suraj Nekram, CEO and Co-Founder, Inpensa Software
Inpensa Software is a SaaS provider of end-to-end digital investment governance solutions used by forward-thinking leaders in banking, healthcare, life sciences, technology, and other highly demanding and regulated industries to manage the full lifecycle of strategic initiatives. Before founding Inpensa, Suraj served as a senior finance executive for several organizations, including Bank of America Merrill Lynch, where he was responsible for the integration and prioritization of more than $16b in technology initiatives with a cost take-out mandate of $500m across Bank of America, Merrill Lynch and Countrywide.
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11:00 A.M–12:00 P.M. E.T.
Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.
In light of the current uncertainties in our economic environment, your bank should already be preparing for the year-long process of CCAR for 2021. In part of the preparation, your bank should establish continued enhancements of forecasting processes with an emphasis on automated and nimble calculations able to be assessed over a variety of rapidly changing economic scenarios. RMA would like to assist you further as you prepare for CCAR 2021. View the webinar details below:
What attendees will learn:
Banks should anticipate stress on CCAR processes and capital forecasting as they attempt to incorporate the continuing impacts of COVID-19. This includes continued enhancements of forecasting processes with an emphasis on automated and nimble calculations able to be assessed over a variety of rapidly changing economic scenarios.
Banks will need further assessment and identification of emerging risks that manifest themselves in changing operational and environmental conditions. Banks should expand their peripheral vision of risks to identify threats previously not considered impactful or possible.
The Board of Directors and Senior Management will have an expanded role in the governance of CCAR and need to provide more direct effective challenge in the areas of scenario design, risk identification, and critical modeling judgements.
Who should attend?
Internal auditors from firms subject to CCAR. Anyone responsible for capital planning, stress testing, and balance sheet management would also benefit. Additionally, Board of Directors and Senior Management.
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11 A.M. - 12 P.M. E.T.
Moderator: David G. Sewell, Counsel, Debevoise and Plimpton
Panelists: Gideon Hart, Senior Counsel, KeyCorp
Sahil Godiwala, Managing Director and Senior Managing Counsel, Bank of New York Mellon
Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.
As the COVID-19 pandemic enters its sixth month, navigating the associated economic and operational challenges has become the “new normal” for financial institutions in the United States. Guidance from the bank regulatory agencies has been helpful but, in many cases, raises as many questions as answers. This practical, interactive panel will discuss, among other topics:
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This webinar has ended
Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.
COVID-19 has rapidly accelerated the need for financial institutions to transform and respond to unprecedented change in a way that can be labeled as the new normal. Black Swan events in recent months have resulted in global dislocation, impacting how organizations operate in almost every aspect of life. Therefore, financial institutions need to consider an end-to-end approach to strategic initiative governance as fundamental to digital transformation of processes and the application of new technology.
This webinar will provide you with insight into:
Speaker Info:
Suraj Nekram, CEO and Co-Founder, Inpensa Software
Inpensa Software is a SaaS provider of end-to-end digital investment governance solutions used by forward-thinking leaders in banking, healthcare, life sciences, technology, and other highly demanding and regulated industries to manage the full lifecycle of strategic initiatives. Before founding Inpensa, Suraj served as a senior finance executive for several organizations, including Bank of America Merrill Lynch, where he was responsible for the integration and prioritization of more than $16b in technology initiatives with a cost take-out mandate of $500m across Bank of America, Merrill Lynch and Countrywide.