Bank Accounting & Finance articles from February 2009

Bank Accounting & Finance archives from February 2009

A compendium of financial crisis tax guidance: the IRS and the Treasury respond to tax issues raised by the financial crisis.
February 1, 2009... Since serious and systemic problems in the credit markets first began to unfold during the summer of 2007, the Treasury and the IRS have published more than 20 items of guidance that deal with potentially severe applications of specific tax...

Global accounting convergence and U.S. financial institutions: the convergence of accounting standards is critical to the future of global capital markets.
February 1, 2009... The financial institutions and capital markets are being transformed by changes in technology and regulations and increasing competition and globalization. Current accounting and reporting practices are not meeting the information needs of the...

Needed: a new community bank model: profitability is falling; efficiency lags behind larger banks.
February 1, 2009... Community banks (1) need to find a new business model. Why? Because the old one doesn't work anymore. The evidence is a large and widening gap in profitability between community banks and larger banks, a gap that didn't exist 10 years ago. ...

A CIO's perspective on IT budgeting: small changes in the overall IT budget can result in large changes in discretionary investment.(chief information officer)
February 1, 2009... With the aftershock of the credit crisis still reverberating, this year s budget cycle has the potential to be the most stressful dialogue between information technology (IT) and finance officers since the last downturn in the economy. This...

The regulators' primer on surviving a liquidity crisis: the Basel Committee focuses on 17 principles for managing and supervising liquidity risks.(Regulatory Outlook)
February 1, 2009... Liquidity risk is the potential that an institution will be unable to meet its obligations as they come due because of an inability to liquidate assets, obtain adequate funding (referred to as funding liquidity risk) or easily unwind or offset...

How to quantify and manage liability stickiness: a practical guide for evaluating deposits and nondeposit liabilities.(Risk Measurement)
February 1, 2009... Liquidity risk management is not just about liquid asset reserves. It isn't even mainly about liquid asset reserves. Face it: Most banks hold relatively small amounts of unencumbered, marketable assets compared to potential liquidity needs...

The changing landscape for internal auditors in financial institutions: technology to improve the audit function grows in importance.(Internal Audit)
February 1, 2009... Internal auditors, like everyone in the financial services industry, are scrambling to keep pace. They must stay on top of technological, accounting, legislative and regulatory changes. They must protect their institutions from liquidity,...

The evolution of the finance operating model: CFOs move beyond stewardship to business strategy.(Global Banking )(chief financial officers)
February 1, 2009... Over the last decade or so, the financial services industry has been increasing in its scale and importance within the global economy. Banks, in particular, have been growing larger and more complex through an unprecedented level of merger...

Controlling risk with a data governance framework: how people, processes and technology must come together for an entity to properly use and manage data.(Data Security)
February 1, 2009... Data includes customer information, employee identifiers, trade secrets, strategic plans and market intelligence, all stored in electronic format in data servers at the ready for the business units that need it. The transformation of data into...