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New financial threats require improved security measures

Corporate risk management teams face an increasing number of threats in today's changing economy, and traditional solutions are not likely to provide satisfactory solutions, according to a report.
Credit Risk Management
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Global uncertainties press importance of effective risk management strategies

PricewaterhouseCoopers spoke to more than 1,000 risk management leaders at Fortune 500 companies globally to determine the extent to which these individuals are challenged to improve and expand existing risk management systems.
Credit Risk Management
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Changing economic factors alter lending landscape, IORR standardization

Banks need to follow best practices in their adherence to lending standards, particularly as economic factors affect consumers' preference for certain financial products.
Credit Risk Management
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Population of underbanked Americans on the rise, says FDIC

This month, the FDIC released its 2012 National Survey of Unbanked and Underbanked Households, reporting that 8.2 percent of the U.S. population has no interaction with traditional banks.
Credit Risk Management
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Strong security procedures critical in age of cloud document storage

Workers are making use of free cloud software for data storage, which may pose risks to a company's sensitive data.
Credit Risk Management
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Experts: Decline in consumer credit shows consumers, lenders hesitant

The Federal Reserve released data September 10 that examined the nation's consumer credit position in July 2012, reporting that the annual rate of outstanding credit debt declined by 1.5 percent.
Credit Risk Management
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FFIEC's Cloud Computing Guidance Emphasizes Due Diligence From Banks

The FFIEC statement can be interpreted less as formal guidance and more as an attempt to define cloud computing and bring to light the risks associated with this technology
Banks
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More businesses deploy risk management strategies, but sophistication lacking

Driven by what some call "extensive" external pressure to inform partners about risks, many larger organizations have now developed "complete" enterprise risk management systems, according to a July study from North Carolina State University.
Credit Risk Management
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Nevada ranked worst for credit conditions, North Dakota best

As lenders nationwide continue to evaluate credit risk in an uneven market, the ability to leverage sophisticated risk management software to make such evaluations could prove crucial.
Credit Risk Management
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