Bank Accounting & Finance articles from October 2006

Bank Accounting & Finance archives from October 2006

"And now my CFO will review the numbers": why community bank investor presentations are often unproductive.
October 1, 2006... "And now my CFO will review the numbers." Anyone who's attended a community bank investor conference has heard those words after the CEO has covered his or her favorite topics and reluctantly relinquishes the podium to a less charismatic CFO....

Shopping to buy a bank? Should your due diligence be more diligent? Potential targets are becoming increasingly ruthless about taking out costs before their eventual sale.
October 1, 2006... Given the market valuation of banks today and the pricing required for an acquisition, cost reduction alone is increasingly unlikely to generate sufficient value to enable a buyer to earn an adequate return. Under such conditions, revenue...

Developments in the risk management of bank-owned life insurance: banks must evaluate the ongoing suitability of their current and inherited third-party relationships and BOLI policies.
October 1, 2006... A never-increasing number of banks have made the strategic decision to purchase bank-owned life insurance ("BOLI") as a strategy to manage escalating employee benefits costs. In recent years, many banks have rapidly increased the percentage of...

Anti-money-laundering risk rating that drives revenue: when marketing and compliance collaborate, they can smooth the account-opening process and identify revenue opportunities.
October 1, 2006... The cost of regulatory compliance has long been a major concern for the banking industry. That concern has grown even more pronounced in recent years, with amendments to the Bank Secrecy Act of 1970 ("BSA") (1) and expanded...

Integrating anti-money laundering into the compliance structure: how the requirements for compliance with BSA/AML are changing the emphasis of corporate governance and finance functions.(Bank Secrecy Act/Patriot Act/Anti-Money Laundering Act of 2001)
October 1, 2006... Boards of directors of banking institutions often find themselves unsure about dealing with overlapping and sometimes conflicting requirements imposed by the Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA"), the...

Understanding data forensics: electronic evidence encompasses a vast universe of data.(IT Focus)
October 1, 2006... Requirements such as the Sarbanes-Oxley Act of 2002 ("SOA"), the Gramm-Leach-Bliley ct of 1999 (1) and the Basel Capital Accord have forever changed the regulatory landscape, but many financial services companies remain unaware of recent...

SEC to improve implementation of management's reports on internal control: the SEC suggests that early reporting on internal control under Section 404 may be overly conservative.(Securities and Exchange Commission)(Concept Release Concerning Management's Reports on Internal Control over Financial Reporting)
October 1, 2006... The Securities and Exchange Commission (SEC) recently issued a "Concept Release Concerning Management's Reports on Internal Control over Financial Reporting" and announced plans to improve the implementation of the investor protection...