Sageworks Blog

Oct 26, 2012 09:03

It has become critical for businesses of all types and for lending institutions to spot signs of financial sickness before they are fatal. Bankruptcies not only hurt the firm the itself but it affects other third parties such as suppliers, vendors, or partners. Subsequently, the recent rise in bankruptcies has put a tremendous amount of pressure on bankers and loan officers. [More]

Aug 28, 2012 08:22

As board members and management look to improve their organization's Enterprise Risk Management (ERM) system, it's important to start by asking several critical questions, financial consultant Roberta Wagner of Bugbee Wagner PLLC says. In this guest column, Wagner proposes several topics executive leaders should probe in order to strengthen the process. [More]

May 16, 2012 14:26

Banks that use models for risk management should compare results of those models to results from other approaches, narrowing their reliance on single approaches, U.S. Comptroller of the Currency Thomas Curry said Wednesday. The banking regulator warned that operational risk – the risk of loss due to failures of people, processes, systems and external events – is high and increasing, noting it’s “at the top of the list of safety and soundness issues for the institutions we supervise,” according to a copy of his speech, prepared for the Exchequer Club in Washington, D.C. [More]