There are many technology solutions on the market today to help manage your commercial collateral, but this has not always been the case. Increased and more complex regulatory reporting requirements has changed the way that core solution providers view collateral, and has driven this change.
So, what are your bank’s goals for improving risk management?
It is that time of the year when we all set goals to improve health or mind with the obligatory New Year’s resolutions. So why not set goals for change within our institutions, since that is where we’ll spend the vast majority of our time? What are your bank’s goals for improving risk management?
Coming into the year 1900, things looked amazing for America. Just a few years earlier the Dow Jones Industrial Average was established, Coca-Cola© was first sold in bottles, Aspirin was invented, and the Boston Marathon was held for the first time. America was more powerful than ever and was on the move. Nevertheless, if you lived on the coast, you always had a slight chance of a tropical storm or at worst a hurricane – but it was only a chance. Sadly, the city of Galveston, Texas lost the roll of the meteorological dice and suffered what was the most deadly hurricane in U.S. history.