Edward Hida

One year after the failures of SVB and Signature, the banking crisis has eased, but challenges and opportunities still remain. Join our excellent team on a free webinar as we cover the following topics:

• Is the banking crisis over?
• ‘Q4 Bank Earnings and Outlook for Q1 and 2024
• Spotlight on NYCB and other regionals
• State of Bank M&A
• Battle over Increased Capital Standards
• Credit Risk Transfers
• The latest on Exams
• Updated CRE Workout Guidance

After the most chaotic few months in banking since the Global Financial Crisis, the banking crisis eased, but challenges and opportunities still remain. Join banking experts from Godfrey & Kahn, S.C., Secura/Isaac Group, Janney Montgomery Scott LLC, and Clark Street Capital in a follow-up from our March webinar as we cover the following topics:

💲 Is the banking crisis over?
💲 Q2 Bank Earnings roundup
💲 Higher capital requirements
💲 The Bank M&A comeback
💲 How exams are… Show more

After the most chaotic few months in banking since the Global Financial Crisis, the banking crisis eased, but challenges and opportunities still remain. Join banking experts from Godfrey & Kahn, S.C., Secura/Isaac Group, Janney Montgomery Scott LLC, and Clark Street Capital in a follow-up from our March webinar as we cover the following topics:

💲 Is the banking crisis over?
💲 Q2 Bank Earnings roundup
💲 Higher capital requirements
💲 The Bank M&A comeback
💲 How exams are changing Show less

In the face of today’s banking crisis, banks should anticipate a new era of tougher bank regulatory oversight, examinations, regulatory frameworks and stress testing. Here's our list of key takeaways that banks should monitor, make a plan for, and take action on.

In the most chaotic week in banking since the Global Financial Crisis, the failures of Silicon Valley Bank and Signature Bank sent shockwaves throughout the financial markets, resulting in unprecedented volatility in bank stocks, bank runs, and massive federal intervention. What does this mean for the economy and your financial institution? This information and highly topical webinar will cover the following topics:

· The aftermath of the failures of Silicon Valley Bank &… Show more

In the most chaotic week in banking since the Global Financial Crisis, the failures of Silicon Valley Bank and Signature Bank sent shockwaves throughout the financial markets, resulting in unprecedented volatility in bank stocks, bank runs, and massive federal intervention. What does this mean for the economy and your financial institution? This information and highly topical webinar will cover the following topics:

· The aftermath of the failures of Silicon Valley Bank & Signature Bank
· The safety and soundness of the regional banks
· Asset & Liability Management
· The state of asset quality in banks
· How liquidity and Fed decisions will affect M&A in 2023
· Are we entering a Recession?
· Will the Fed Pivot?
· Does the Bank Term Funding Program Make Sense for my Bank? Show less

A board of directors of a company must manage risks in order for the company to remain viable. Managing risk is thus just a normal part of running any business. With this in mind, what is enterprise risk management?

This webinar addresses topics such as what ERM is, what board directors should know about ERM, the role of board directors in overseeing ERM and current challenges and developments in ERM that board directors should be aware of.

Deloitte’s Global risk management survey, 12th edition is the latest in an ongoing survey series that assesses the industry’s risk management practices and the challenges it faces. The Global risk management survey was conducted from March through September 2020 during unprecedented times globally.

The survey findings are based on the responses of 57 financial services institutions around the world across multiple financial services sectors, representing a total of US$27.2 trillion in… Show more

Deloitte’s Global risk management survey, 12th edition is the latest in an ongoing survey series that assesses the industry’s risk management practices and the challenges it faces. The Global risk management survey was conducted from March through September 2020 during unprecedented times globally.

The survey findings are based on the responses of 57 financial services institutions around the world across multiple financial services sectors, representing a total of US$27.2 trillion in aggregate assets. In addition, this report is based on in-depth interviews conducted with a number of senior risk executives to gain deeper insight into the issues highlighted in the survey.

The changed environment due to the pandemic has raised the importance of effectively managing a
number of key issues, especially nonfinancial risks:
• Operational resilience
• Cybersecurity
• Conduct and compliance risk
• Risk-aware culture
• Innovation
• Environment (including climate), social, and governance risk (ESG)
Show less

US banks can no longer ignore the current market reality. The necessity of climate risk preparedness is here. Signs abound, both here and abroad: Regulatory agencies, legislators, and investors aren’t only demanding awareness, but also readiness and action as to how climate risk is prioritized within a bank’s risk management framework. But as we outline in our new report, an intentional and systematic approach can make all the difference.

Financial organizations face challenges from nonfinancial risks such as cybersecurity, model, third-party, and conduct risk – as well as looming economic dangers – that will require institutions to rethink their traditional management approaches.

The pace of change in the financial services industry continues to increase. To keep up, institutions need to find ways to bring new offerings and better experiences to customers—quickly and cost effectively. To that end, many have turned to Agile project management. However, the need for speed has not eliminated the necessity for robust risk management. While accelerating the development of new products and offerings, institutions also should ensure that proactive risk management and controls… Show more

The pace of change in the financial services industry continues to increase. To keep up, institutions need to find ways to bring new offerings and better experiences to customers—quickly and cost effectively. To that end, many have turned to Agile project management. However, the need for speed has not eliminated the necessity for robust risk management. While accelerating the development of new products and offerings, institutions also should ensure that proactive risk management and controls are an integral part of the process—and that can present a challenge for Agile projects.

Show less

Institutions will need to move from the current piecemeal efforts to instead adopt a holistic approach to NFR. The foundation of an effective program to manage NFR, and a step that presents a challenge for many institutions, is to implement a comprehensive process to identify all the NFRs facing the organization. In this effort and as a first step, institutions should employ a comprehensive Risk Taxonomy and a comprehensive Risk Identification process.

As organizational risks continue to evolve and grow, bank boards need to step up their efforts to provide effective stewardship to anticipate and combat those threats. Here are some leading practices boards can employ to meet the new risk management demands.

With increased regulatory expectations and emergent technologies, the future of risk management will look dramatically different than the current risk capabilities many are familiar with.

This Deloitte Global report urges financial institutions to rethink and transform the way they manage risk to leverage emergent technologies, and increase risk management productivity and effectiveness.

While many organizations continue to enhance their risk management practices worldwide, this year's survey revealed that leaders are focused on the regulatory impact of recent geopolitical shifts and questioning what's coming next.

“The value killers revisited” reexamines the 2005 study, in which we assessed the drivers of 20 percent or greater value losses in a company within a one-month period relative to a broad market index. Following up on our prior research, this latest study examines the drivers of major value losses from 2003 through 2012. The losses, while distinct, were often driven by similar underlying risks. Deloitte LLP’s CFO Program, in conjunction with Deloitte Touche Tohmatsu's Global Risk & Capital… Show more

“The value killers revisited” reexamines the 2005 study, in which we assessed the drivers of 20 percent or greater value losses in a company within a one-month period relative to a broad market index. Following up on our prior research, this latest study examines the drivers of major value losses from 2003 through 2012. The losses, while distinct, were often driven by similar underlying risks. Deloitte LLP’s CFO Program, in conjunction with Deloitte Touche Tohmatsu's Global Risk & Capital Management practice, analyzed the factors contributing to severe losses in value to identify strategies for protecting shareholder equity. Show less

The Handbook on Systemic Risk, written by experts in the field, provides researchers with an introduction to the multifaceted aspects of systemic risks facing the global financial markets. The Handbook explores the multidisciplinary approaches to analyzing this risk, the data requirements for further research, and the recommendations being made to avert financial crisis. The Handbook is designed to encourage new researchers to investigate a topic with immense societal implications as well as to… Show more

The Handbook on Systemic Risk, written by experts in the field, provides researchers with an introduction to the multifaceted aspects of systemic risks facing the global financial markets. The Handbook explores the multidisciplinary approaches to analyzing this risk, the data requirements for further research, and the recommendations being made to avert financial crisis. The Handbook is designed to encourage new researchers to investigate a topic with immense societal implications as well as to provide, for those already actively involved within their own academic discipline, an introduction to the research being undertaken in other disciplines. Each chapter in the Handbook will provide researchers with a superior introduction to the field and with references to more advanced research articles. It is the hope of the editors that this Handbook will stimulate greater interdisciplinary academic research on the critically important topic of systemic risk in the global financial markets.

I authored Chapter 1 - Systemic Risk Information Requirements: Current Environment, Needs, and Approaches for Development. Show less

This paper explores the concept of risk frameworks, outlining why they are important to financial institutions, specifically those in the banking sector, and what a ‘genuine’ one looks like.

While the concepts and themes discussed in this paper will be of interest to all financial institutions, this paper is particularly focused on the banking sector. Our goals in this paper are five-fold:
- To summarise the arguments in favour of risk appetite frameworks.
- To highlight the… Show more

This paper explores the concept of risk frameworks, outlining why they are important to financial institutions, specifically those in the banking sector, and what a ‘genuine’ one looks like.

While the concepts and themes discussed in this paper will be of interest to all financial institutions, this paper is particularly focused on the banking sector. Our goals in this paper are five-fold:
- To summarise the arguments in favour of risk appetite frameworks.
- To highlight the emerging consensus on the core concepts of risk appetite between regulators and firms within the financial services industry.
- To illustrate what we think ‘good’ looks like for a risk appetite framework.
- To suggest ways to spot a ‘genuine’ risk appetite framework, by giving examples of the sorts of hardheaded questions we would expect regulators and Non-Executive Directors to be asking firms about their risk appetite frameworks.
- To suggest what risk appetite might look like in three to five years’ time, based on the trajectory of regulation and trends in the banking and insurance industries. Show less