STORIES OF IMPACT

STORIES OF IMPACT


ARTICLES BY ENDURANCE

  • 2024 CRE Crisis

    2024 Regulatory Intensity

    January 23, 2024 Banks in 2024 can expect the regulatory intensity sparked by last year’s industry turmoil to continue, driven in part by the federal agencies’ commitment to addressing key priorities before the fall election. This year will feature a heightened focus on credit quality, concentration risk, liquidity, and stress analyses, particularly for banks with exposures to commercial real estate and other high-risk portfolios such as oil & gas.

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  • 2024 CRE Crisis

    Navigating Your Bank’s M&A Opportunity in 2024 by Endurance Advisory Partners

    January 23, 2024 In 2023, bankers faced their most prolonged challenges to mergers since the 2008–2009 Global Liquidity Crisis. Optimism prevails for 2024. According to Bank Director's 2024 Bank M&A Survey, sponsored by Crowe, approximately one-third of bank executives and directors anticipate their bank will acquire another institution by the end of 2024.

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  • 2024 CRE Crisis

    2024 – A Growing Commercial Real Estate Crisis by Endurance Advisory Partners

    January 22, 2024 Rising interest rates, structural shifts in remote working, and changes in retail sales and distribution are having a dramatic impact on commercial real estate. While delinquencies, distress, and fire sales haven't been widespread so far, there's a looming concern as a maturity refinancing wall approaches this year. Underwriting and valuations are expected to undergo significant changes in 2024.

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  • view from ground of three surrounding skyscrapers

    Important Considerations for Banks with High CRE Exposure by Stephen Curry and Jason Pumpelly

    December 20, 2023 The FDIC issued a new FIL directive targeting institutions with high concentrations in Commercial Real Estate (CRE). Their guidance outlines specific criteria triggering heightened regulatory monitoring, signaling increased scrutiny during the next examination, or possibly sooner.

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  • The New CRA Summary by Steven Patrick

    The CRE Storm: Proactive Measures Amidst the Growing Crisis by Steve EverbachJoe Siegel and Steven Patrick

    November 30, 2023 Rising interest rates and the structural shift towards remote work are significantly impacting commercial real estate. While delinquencies, distress, and fire sales haven't been common to date, this may soon change. Banks play a crucial role in commercial real estate projects, and many loans made in better times are now maturing in challenging times.

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  • The New CRA Summary by Steven Patrick

    Introducing The New CRA Framework by Steven Patrick

    November 27, 2023 Banking regulators have finally released the long-awaited final rule reforming Community Reinvestment Act (CRA) regulations—a regulation that often receives mixed sentiments from bankers. Fortunately (or unfortunately), regulatory changes typically unfold incrementally. The new rules, therefore, build upon existing ones rather than taking a wholly new direction.

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  • Fintech, Non-Bank FI and Vendor Risk Should Be Evaluated with Greater Rigor than Credit Risk by Stephen Curry

    Underwrite Third Party Risk More Carefully than Credit Risk by Stephen Curry

    October 12, 2023 On September 20th, FDIC Chairman Marty Gruenberg addressed the often overlooked but critically important issue of Financial Stability Risks posed by Nonbank Financial Institutions within the financial sector. These entities provide bank like financing services but do not hold a banking license, are not subject to banking regulations and oversight as are banks.

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  • Model Risk Management – What is it, and Why it is Important by Praful Mainker

    Model Risk Management – What is it, and Why it is Important by Praful Mainker

    October 6, 2023 Model Risk Management (MRM) is a systematic process used by financial institutions (FIs) to govern, evaluate, and mitigate risks related to the utilization of mathematical models and quantitative techniques in their operations, particularly in the context of internal controls and governance for financial operations.

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  • 9/11 - A Personal Perspective By Stephen Curry

    9/11 - A Personal Perspective By Stephen Curry

    September 15, 2023 Tuesday began like any other late summer workday. I dropped my daughter off at school and arrived a little late to my office at Bank of America Securities in midtown NYC about 8:30. From our perch on the 48th floor of 9 West 57th, we had a sweeping view of Central Park on one side of the building and a clear view of the twin towers about 4 miles to the south.

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  • Liquidity – How Much is Enough? By Stephen Curry

    Liquidity – How Much is Enough? By Stephen Curry

    September 7, 2023 Liquidity is a critical component of a bank's financial stability, impacting its ability to meet short-term financial obligations and weather unforeseen economic challenges. The ideal level of liquidity for a bank is influenced by a multitude of factors, including its size, business model, risk tolerance, and regulatory obligations.

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  • Data Driven Risk Management is Critical to Survive and Thrive by Praful Mainker

    Data Driven Risk Management is Critical to Survive and Thrive By Praful Mainker

    August 29, 2023 The Financial Services industry's increasing intricacy, combined with recent adverse events, has heightened regulatory scrutiny on banks. This is further compounded by liquidity challenges, creating a landscape of unprecedented risk management demands.

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  • New Proposed Capital Rule By Steven Patrick

    New Proposed Capital Rule By Steven Patrick

    August 25, 2023 The long-awaited new proposed capital rule has finally arrived, spanning well over a thousand pages and addressing precisely the anticipated points. This development has been long in the making, and many might express a collective "finally" in response. Approximately three decades ago, Value at Risk (VaR) established itself as a fundamental concept in financial risk analytics.

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  • New Proposed Capital Rule By Steven Patrick

    A Shrinking Money Supply and Rising Rates Presents Liquidity and Capital Challenges for Banks By Stephen Curry

    August 18, 2023 The most common measure of money supply, M2, experienced a dramatic and historic run up in 2020-21. As a result of this influx of funds, and the many dislocations attributable to COVID, reducing the money supply to mute the effects of inflation became a strategic focus of the Federal Reserve in 2022 and 2023.

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  • New Proposed Capital Rule By Steven Patrick

    Liquidity Risk Management - The Most Critical Challenge for Banking in 2023 By Stephen Curry

    August 8, 2023 2023 has proven to be a challenging year for financial institutions. Since early 2022, the Federal Reserve contracted the money supply through open market activities, driving rates up, and the value of long-term bonds held in bank portfolios down.

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  • New Proposed Capital Rule By Steven Patrick

    Implementing Enterprise Risk Management - a Guide to the "why" and "how" By Stephen Curry

    July 17, 2023 Enterprise Risk Management (ERM) is a term a lot of financial institutions are hearing about from their regulators this year. At its heart, ERM is a comprehensive and strategic approach to identifying, assessing, and managing risks across an organization.

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  • New Proposed Capital Rule By Steven Patrick

    Assessing Readiness for the $1 Billion Threshold in a Volatile Climate - Lessons for banks of all sizes By Stephen Curry

    April 11, 2023 In the banking industry, crossing the $1 billion asset threshold is a significant milestone, both regulatory and strategic. At this point banks are subjected to increased regulatory scrutiny at this level, including the requirements of the Federal Deposit Insurance Corporation Improvement Act (FDICIA).

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