Banks face an uphill struggle in recruiting talent to develop their data analytics capabilities, while regulatory demands mean banks take a relatively long time to produce models for advanced analytics, write Jacob Kosoff and Daniel Stahl of Regions Bank. An institution's framework for model development should focus on efficiency without forsaking governance and controls, and it should require archiving of discarded models so internal audit can access them, Kosoff and Stahl write.
The implementation deadline for the Financial Accounting Standards Board's current expected credit losses standard is year-end 2019 for publicly traded banks and other financial institutions, while the deadline will arrive in 2021 for most privately held financial institutions. International banks could face hurdles in CECL implementation because FASB's financial instruments standard does not converge completely with the International Financial Reporting Standards.
People can still affect 2018 tax bills by contributing to health savings accounts. This article offers answers to common questions about HSAs and a description of paperwork involved.
Despite generally lower tax bills, many taxpayers are seeing smaller-than-expected refunds -- or no refunds at all. And some taxpayers are subject to underwithholding penalties, despite limited relief from the Internal Revenue Service. Here's what should be done.
Our lives are subject to constant change. Today, in the disruption age, this change is fueled by innovative -- yet addictive -- technology. Amy Vetter, CPA, CGMA, a yogi, shares important tips to living mindfully and in harmony with tech in this special edition of the "Go Beyond Disruption" podcast honoring Women's History Month.