FRSGlobal

ABA Banking journal, April 2011: A check up for risk

Community banks also need to be sure they stress-test frequently enough. “Most of the smaller banks use core banking systems” Says Andrew Leigel, Vice President FRSGlobal. “What they get is an extract at the end of the month – a quick Polaroid. But what if they decide to lower interest rates mid-month to match a competitor?” They would be better off, he says, if they could take a daily look at some of the stresses they’ve created.

Read the full article here, courtesy of the ABA Banking journal »