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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Getting Ready for CECL: 3 Steps to Take Now Towards CECL Preparedness

December 02,2016

This past June the Federal Accounting Standards Board (FASB) released the Accounting Standards Update 2016-13 which is a major reform of how financial institutions calculate loss allowances for...

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Making Progress, Challenges Ahead: Banking & Third-Party Risk Management

July 25,2016

It’s been nearly three years since the release of OCC Bulletin 2013-29 with risk management guidelines for evaluating third-party relationships.  At that time, some financial institutions were...

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The CECL Revolution in Financial Assets - Update on the FASB Reform

June 10,2016

Updates on the FASB Reform for CECL 

The Financial Accounting Standards Board’s (FASB) April announcement provided an update on plans for one of the most radical accounting reforms ever imposed on...

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'Tis the Season to Be…Worried

December 31,2015

This is a festive and welcome time of the year for almost everyone – everyone who is not a senior executive working in the US banking industry. Executives at the largest bank holding companies...

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