🚗 How is the auto loan doing in 2023 so far? Everything is up. 🟦 Auto Price Up The new car price index continues to climb in May, ...

Chatbots have become popular in the financial industry - in 2022, almost 100 million people in the US or 37% of the population engaged...

🇺🇸 US CFPB recently reminded consumers that funds parked in payment apps are not subject to deposit insurance. The growth of non-bank...

On June 6th, The Fed, OCC, and FDIC jointly released an updated guideline for banks’ third party risk management. This has been highly...

🇨🇦 Banks Q2 Reports Another quarter with a modest reserve increase. In Q2 (ending Apr), the collective reserves of the big 5 Canadian...

🎶 Do you know the Coffin Dance? The meme music somehow showed up in my conversation with Brendan Le Grange on his podcast. The...

In the 2002 movie “Catch Me If You Can”, Leonardo DiCaprio played a top con man who defrauded many banks with fake checks - that was in...

Stayed calm - both the market and the public. The fall of First Republic Bank did not trigger the panic button as the previous bank...

In April, the Canadian financial regulator OSFI released its annual outlook of financial system risks. 1️⃣ Housing market downturn risk...

As I wrapped up my book 2.5 years ago, I identified some opportunities in consumer credit risk management. While I didn’t know about the...

Stay calm. The message from the SVB CEO was not enough. It took a series of actions from the US president, the Treasury, multiple...

Had SVB not failed, nobody would notice the absence of their top risk manager in 2022. This perfectly illustrates the role of risk and...

After the 2008 Great Financial Crisis, a friend in Asia asked me what made Canada largely stay out of trouble. One of my colleagues said...

At the height of the 2008 Great Financial Crisis, I learned the following from a Chief Risk Officer. The recession is a good time to test...

The traditional full-service banking model has been challenged by many specialized operators. However, the current banking crisis...

I was surprised to realize the SVB event had reached beyond the banking/tech world, Arriving at my family dinner table last night. My...

The 3-year Pandemic Journey 🇨🇦 Bank Reserves Big 5 Canadian banks started the 1st quarter in fiscal year ‘23 with another allowance...

Lately I have been thinking - how risk folks could leverage the latest Generative AI? Let’s look beyond the limitations of current tools...

On Feb 10, the Fed released this year’s stress testing scenario. It is an annual exercise to gauge the largest US banks’ capabilities to...

Super Bowl time again - what is different this year is you won’t see any crypto commercials. When things are going well, you can...