New technologies often bring with them new vulnerabilities, and in this period of rapid innovation, banks’ need to manage the associated operational risks is the most urgent, a top U.S. banking official advised this week. Speaking before the American Banker Regulatory Symposium in Arlington, Va.,...
October 29, 2014
The FDIC is keeping a close eye on nonbank financial companies, including technology startups, and how they’re affecting banks, American Banker reported. FDIC Chairman Martin Gruenberg told an audience at a Risk Management Association conference in Washington, D.C., on Monday (Oct. 27) that “the impact of the nonbanking sector on the insured sector — the […]
