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  2. #15: Regulators and the Pandemic Recession: Guidance with Flexibility? | Rob Newberry

#15: Regulators and the Pandemic Recession: Guidance with Flexibility? | Rob Newberry

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Sep 17, 2020

In this episode, we focus on the regulators. What will they expect in order to demonstrate we are making 'prudent' judgments and identifying which borrowers or prospective borrowers are experiencing a 'short-term' setback rather than a complete melt-down? And what else are they paying attention to...and helping us with? How can we document our thinking and show the examiners our prudent steps to mitigate risk during this downturn?

 
About Rob Newberry:
 
Rob Newberry has over 20 years of experience in the financial services industry including 15 years at Wells Fargo in strategic and leadership roles. He is a Senior Advisor at Abrigo, formerly known as Sageworks, FARIN, MainStreet Technologies, and Bankers Toolbox. Rob is instrumental in developing and assisting community financial institutions with Abrigo's various Credit Risk Solutions.
 
 
 
Resources:
 
In this whitepaper, Coronavirus Survival Guide: Loans Under Pressure, we will discuss five simple, proactive strategies that lenders can implement – even during a forbearance period — to ensure as many customers survive and return to financial health as possible.
  1. https://www.abrigo.com/whitepapers/coronavirus-survival-guide-loans-under-pressure/
 
Portfolio Management in Crisis: Coronavirus Implications for Lenders. In this whitepaper, we acknowledge that the challenge for most financial institutions will be how to quantify and document the additional risk they may face. Knowing that there are more questions than answers at this time, lenders can still take specific action during the emergent phase.
  1. https://www.abrigo.com/whitepapers/portfolio-management-in-crisis-coronavirus-implications-for-lenders/
 
Abrigo helps over 2,500 community financial
institutions manage risk and drive growth. Learn more and find more resources at https://www.abrigo.com/knowledge-center/
 
2018 Credit Risk Readiness Report
In this study commissioned by Linda Keith CPA, find out what senior lending and credit professionals thought about our readiness at the end of the expansion, before this pandemic began. Are we more ready or less? What can we do it be more ready?
Request the report at www.CreditRiskReady.com