Bank Accounting & Finance articles from December 2000

Bank Accounting & Finance archives from December 2000

Risks and Rewards of Screen Scraping.(Brief Article)(Editorial)
December 22, 2000... By giving outside organizations access to your bank's data, account aggregation, often called screen scraping, can simplify online life for consumers. Unfortunately, account aggregation makes privacy protection that much more difficult. At...

Managing the Risks of Data Aggregation.(Brief Article)
December 22, 2000... We live in a world where the term 24/7 applies to just about everything in our lives. The Internet has brought both convenience and immediate access to consumers who are looking for better ways to keep track of their credit card balances, bank...

Return on Capital: The Primary Measure of Customer Value.
December 22, 2000... There is a great deal of activity these days related to the measurement of customer profitability in financial institutions worldwide. Institutions that have been at this for a while are maturing their processes. Many other institutions are...

Operational Risk Management: A Board-Level Issue.(Statistical Data Included)
December 22, 2000... Not long ago, when risk management was thought of only in terms of managing credit risk or market risk, many board members were comfortable with risk oversight at the credit committee or treasury level. The past decade brought the recognition...

Enhancing Performance Through Stock Buybacks.
December 22, 2000... Proposed changes in accounting rules for acquisitions provide significant motivation for banks to consider a stock buyback program. These programs are becoming an increasingly popular technique to manage capital. A stock buyback program can be...

Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities.(Brief Article)
December 22, 2000... In September 2000, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SEAS) No. 140, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities," which...

Activity-Based Costing Provides Insights into the Economics of Banking.
December 22, 2000... Activity-based costing (ABC) offers a way to analyze costs that is different from traditional methods. People often say that ABC is a better way to do product costing. But, in fact, it is a huge mistake to think that ABC is either better or...

When May Examiners Review External Auditors' Workpapers?(Brief Article)
December 22, 2000... On March 21, 2000, the Division of Supervision of the Federal Deposit Insurance Corporation (FDIC) issued a memorandum, Transmittal 00-19, "Reviews of External Auditors' Workpapers," to provide guidance to its examiners on situations in which...

Wide-Ranging SEC Staff Observations Affect Financial Institutions.
December 22, 2000... On October 13, 2000, the staff at the Office of the Chief Accountant of the Securities and Exchange Commission (SEC) release a letter from the chief accountant to the American Institute of Certified Public Accountants (AICPA). The letter...