2020 CCAR Resubmission
From our Experts
Articles, research and insights.
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Article - 4 minutes read
COVID-19 Update for U.S. Financial Institutions: FinCEN’s guidance to financial institutions in response to COVID-19.
On April 3rd, 2020, FinCEN provided additional information to help financial institutions comply with the Bank Secrecy Act ("BSA") obligations during the COVID-19 pandemic. Most importantly, it announced a direct contact mechanism for urgent COVID-19 related issues.
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Article - 5 minutes read
The COVID-19 Pandemic Breaks the Buck.
Due to economic crises caused by the COVID-19 pandemic, Prime Money Market Funds (“PMMFs”) have seen large outflows while Government Money Market Funds (“GMMFs”) have seen strong inflows due their underlying assets being liquid government securities.
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Article - 2 minutes read
April 2020 Bank Secrecy Act / Anti-Money Laundering Examination Manual Update
Federal Financial Institutions Examination Council released several updated sections and related examination procedures to the Bank Secrecy Act/Anti-Money Laundering Examination Manual that provide instructions to examiners when assessing the dequacy of a bank’s BSA/AML compliance program.
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Article - 5 minutes read
Unprecedented: Oil & Gas in the Wake of COVID-19
April 20, 2020 was yet, another unprecedented day during unprecedented times. The WTI benchmark dropped below $0/bbl for the first time ever, closing at –$37.63 for May contracts.
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Article - 8 minutes read
Cash Management in the context of Covid-19: focusing on what matters.
With the new pandemic, the world has changed faster in the past few days than any could have foreseen.
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Research and Report - 1 minute read
A Year End Update on the LIBOR Transition
The LIBOR Transition is not being postponed. In our study released in January, market participants emphasized significant work to meet deadlines is still required and regulators will need to support to hit those deadlines. Details are available in our new report.