Dec. 25, 2006 News Archive

Agencies Propose Joint Rules to Implement Bank "Broker" Provisions of GLBA
In a press release, the Securities and Exchange Commission (SEC) and the Board on Dec. 18, 2006, announced the release of joint proposed rules to implement the "broker" exceptions for banks under Section 3(a)(4) of the Securities Exchange Act of 1934.

December Risk Committee Findings
The latest Risk Committee findings discuss the important issues related to Credit Risk, Legal/Reputational Risk, Liquidity Risk, Market Risk and Operational Risk. Read more about the risks discovered under the specific risk topics:

Credit Risk

• Adequacy of the Allowance for Loan and Lease Losses (ALLL)
• Commercial Real Estate (CRE) Concentrations
• Regional Economic Disruptions
• Residential Mortgage Lending

• Anti-Money Laundering (AML) Issues
• Equal Credit Opportunity Act (ECOA): Age Discrimination

• Ineffective Liquidity Metrics

• Poor Implementation of Asset / Liability Models

• Influenza Pandemic Preparedness
• IT Security: Authentication