It was encouraged at Bloomberg Risk & Regulation Week 2022 that banks must assess exposures and adjust risk profiles ahead of potential uncertainty and volatility in interest rates and loan performance. The salience of risk management to banks are that it allows preparation of procedures to avoid potential financial risks that would impact the overall well-being of the company. A solution is to create a risk management plan which will cover all the procedures in addressing the risks that may arise.
TCFS & Associates offers services which involve risk management; Compliance Risk & Diligence, Security Audits, Risks Assessments & Consulting, and Third-Party Management. By contacting and onboarding us, we can do the work and give counsel to ensure your company is secured and safe from the risks.
Link of the press release by OCC:
https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-54.html