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Risk Perspectives, 2nd, 2015
Risk Perspectives: Highlights of Risk Monitoring in the Seventh District

The Federal Reserve Bank of Chicago's supervision group follows current and emerging risk trends on an ongoing basis. This Risk Perspectives newsletter is designed to highlight a few current risk topics and some potential risk topics on the horizon for the Seventh District and its supervised financial institutions. The newsletter is not intended as an exhaustive list of the current or potential risk topics and should not be relied upon as such. We encourage each of our supervised financial institutions to remain informed about current and potential risks to its institution. 

Current Risk Topics

  • First Quarter 2015 District Bank Performance: Seventh District first quarter 2015 pre-provision net revenue (PPNR), which is often used to approximate “core” bank earnings, increased almost 10.0 percent annually and 5.0 percent from the prior quarter, the largest quarterly increase since mid-2013..
  • Enhanced Prudential Standards Update: The enhanced prudential standards, requiring large banking organizations to meet certain risk management, capital and liquidity management standards, went into effect on January 1, 2015, for large domestic institutions.
  • Cyber Security Update: Over the past six months, cyber threat events across various industries (e.g. insider threats, card breaches and other data breaches) continue to highlight the continuous need for firms to have a robust strategy to understand, assess and mitigate cyber security risks.
  • Current Expected Credit Loss Model Expected to be Finalized in 2015: The Financial Accounting Standards Board has reported that their project “Accounting for Financial Instruments: Impairment” is in the “final standard” stage with an estimated completion during the fourth quarter of 2015.
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