Choosing the right compensation plan is an important step in attracting, retaining and rewarding rising leaders.
Bank boards need to understand a key step in the rollout and ongoing compliance for the new credit loss standard: model validation.
Community banks looking to enter the derivatives “waters” have three methods available to them.
A board is essentially a social entity whose culture is a reflection of its purpose and composition.
The requirement to create a “reasonable and supportable” future forecast has become another hurdle for community bankers as they implement CECL.
The accounting board has delayed major standards for small firms, but they will need to ensure their new effective dates.
Proposed reforms to end conservatorship of Fannie Mae and Freddie Mac should include measures to avoid liquidity disruption.
Recruiting and retaining top talent will never be easy. But being flexible and experimenting with new approaches is one way to increase the odds of success.
A combination of low interest rates, high compliance costs and customer migration toward digital banking channels has led the leaders of two banks to radically transform their institutions.
The compensation committee is central to talent development and succession management at your bank. Its name should reflect that.