Sageworks Blog

May17

Sageworks Bank & Credit Union Examination Survey goes live Jackie Peluso [email] VP of Media Relations

May 17, 2013 16:50

Sageworks made available its new Bank & Credit Union Examination Survey to clients and other financial institutions this morning. The anonymous, 8-question survey aims to collect data on the federal safety and soundness exam experience of banks and credit unions within the last 12 months. At the conclusion of the survey, the survey data will be anonymously aggregated and disseminated in a comprehensive report to help peer institutions prepare for their next OCC, FDIC, NCUA or Federal Reserve exams. [More]

Sep 12, 2012 09:15

The ALLL calculation is one of the most important estimates for any financial institution as the appropriateness of loss provisions is critical to an institution’s safety and soundness. However, this calculation can be hindered by the difficulty of determining the appropriate qualitative risk factor adjustments. Sageworks has put together suggestions to help add objectivity and structure to this otherwise subjective task and to provide methods for justifying qualitative factor assumptions. [More]

Aug 21, 2012 15:53

A Sageworks roundup of recent banking industry news you might have missed: State regulators “flex muscles” against banks ahead of fed action; small biz key to mobile commerce; key Fed bank-lending program mostly served foreign banks-report. [More]

May 14, 2012 12:34

Federal Reserve Chairman Ben Bernanke believes conditions in the U.S. banking system have “improved significantly,” though he acknowledges lending for residential mortgages and for small business owners remains challenging.

In remarks prepared for a speech May 10 at the 48th Annual Conference on Bank Structure and Competition in Chicago, Bernanke said several key measures of systemic risk have improved in recent months and are now well below their levels during the financial crisis. Banks have made considerable progress in repairing their balance sheets, and overall, the sector has substantially improved its liquidity, he said.
[More]