Commercial banking

Issuance volume of asset-backed securities for the year through March 7, 2024

Arun Balakrishnan is CEO of Xceedance, a global leader in delivering insurance-focused consulting, technology, operations, and data solutions to many of the world's largest P&C insurance organizations. He has more than 15 years of experience launching and leading start-ups in the insurance sector. He is passionate about promoting innovation and transformation in the insurance industry, which he believes to be a key element of societies and economies.

During a contentious exchange on his second day of congressional testimony this week, the Federal Reserve chair drew a line between the central bank's response to last year's bank failures and its current capital proposal.

The structure calls for the trust to reallocate principal so that interest is paid on the AAA through AA rated notes before other principal distributions.

Michael Turner is CEO of Validis. Validis connects auditors with accounting data. Michael has worked in the data industry for the last 5 years and previously was a Partner at Oliver Wyman.

Dennis LaTour is a product enthusiast with over 20 years of experience in the Insurance Industry. With his long-standing experience in the product management, Dennis loves working directly with the customers on projects and building long lasting relationship

February was the second consecutive month where lenders eased underwriting, although overall availability remains near record low levels, the Mortgage Bankers Association.

Andrew Lubrano is a research principal at Gartner. As part of the controller research team in Gartner's finance practice, he works with controllers and their teams to conduct in-depth research on their pressing challenges.

If the proportion of non-program vehicles increases, or if the proportion of vehicles from non-investment grade manufacturers increases, then credit enhancement levels will rise.

Dr. Kollins, chief medical officer at Akili, is a licensed clinical psychologist in the state of North Carolina and spent more than 20 years on the faculty in the Department of Psychiatry and Behavioral Sciences at the Duke University School of Medicine, where he maintains an adjunct faculty appointment.

Former Trump administration officials Steven Mnuchin and Joseph Otting are headlining an investment group that's seeking to rescue the troubled Long Island lender. Otting is expected to serve as CEO, and Mnuchin will have a board seat.

In congressional testimony, the Federal Reserve chair said the Board of Governors is processing the comments on its capital reform proposal. Putting forth an entirely new proposal is "very plausible."

Gino Stella, a Consultant at Capco in Tampa, FL, brings valuable experience leading annuity and life insurance carriers, property and casualty insurance carriers, and investment banks. In his recent position at a top annuity insurer, he facilitated collaborative efforts to streamline training and onboarding processes. Gino excels in understanding client needs, delivering ongoing support, and optimizing onboarding procedures. He has efficiently collaborated with both internal and external clients to deliver products, collect data, prepare reports, and create financial models.

Basel Endgame rules will dramatically boost the capital provisions banks have to set aside to backstop lending, with the burden falling most heavily on big money center banks.

The letter, which was sent to bank regulators, represents a further escalation of lawmaker criticism of the Basel III endgame proposal, and comes just as Federal Reserve Chairman Jerome Powell is set to testify in the House Financial Services Committee.

A vast majority of the pool, 86.9%, are contracted to be paid over 12 months. The remaining receivables are paid over six to 18 months.

Commercial real estate-related angst explains about 80% of issuer-level spreads in the US investment-grade debt market, with lenders with lower exposure generally trading tighter.

The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.

Bob Kerr, EA, is principal of Kerr Consulting LLC, where he consults with individual firms on tax administration issues. He started his career by spending a dozen years at IRS, mostly in compliance research, and then provided IRS oversight as professional staff on the Senate Finance Committee and served in senior roles, including as chief advocate and IRS/policy spokesman, at the National Association of Enrolled Agents. Follow him on X at @BSG_BobKerr.