Rapid Ratings Blog

OCC Issues Bulletin 2017-21, an FAQ to Supplement Guidance on Third-Party Relationships

August 14,2017

New bulletin clarifies role of fintechs and emphasizes need to evaluate financial condition throughout the lifecycle

In the four years since the Office of the Comptroller of the Currency (OCC)...

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Gearing Up for CECL: Summer Events Shed Light on Impending Accounting Standards Update

June 29,2017

Two current expected credit loss (CECL) themed events drew the attention of RapidRatingsTM this month. FASB assembled its Transition Resource Group for Credit Losses (“TRG”) on June 12th at...

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CECL Prospects Alarm Banks and Galvanize RapidRatings

May 22,2017
It is clear that 2017 is shaping up to be a year of ever-increasing discomfort for the US banking industry as it confronts the full implications of the radical changes in credit-loss accounting...
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Culture Shift in Supplier Relationship Management: Three Benefits of Treating Suppliers Like Partners

May 15,2017
The supplier/buyer relationship has traditionally been a very transactional exchange, historically focused on getting the lowest price with reliable delivery.  Driven by the perceived risk of...
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Default Frequency in 2016 Highest Since 2009, FHR Caught 94%

February 02,2017

The Rapid Ratings Annual U.S. Default Study examined bankruptcy trends from public, non-financial U.S. companies, looking specifically at their Financial Health Rating (FHR®) at the time of and...

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