This Resource Center includes information to help you understand and navigate complex regulatory, accounting and risk management concerns.
You can use the search box at the top of the page to view and identify specific resource content—and additional information throughout the site—by subject matter.
Heads up: We’ve categorized videos and articles as they apply to different institutions. Look for these icons to quickly tell what may or may not apply to you.
Videos of Interest
Bart introduces the highly anticipated PT Score™ Simulator, a tool that allows users to instantly forecast the impact of future decisions within a risk management construct. He walks through its key capabilities and how it fits into the broader risk management framework.
Rich Berg explains how the impacts of dramatically different systems are affecting the markets around us. Specifically, he discusses the following systems: open systems vs. closed systems; mostly open vs. mostly closed systems; Mediocristan vs. Extremistan; and time horizon and the Performance Trust methodology.
Bart Smith discusses noteworthy regulatory updates for banks and credit unions. With the Financial Choice Act (FCA) moving through Congress, new provisions have been added and should be reviewed by your institution. Bart Smith addresses the concerns surrounding new proposals and the potential impacts that the changes might have on community financial institutions. Considering the long-term outlook and potential ramifications of the new legislation, it’s important to reach out to your elected official to discuss the new policy.
Brian Battle discusses the recent trip that he and Bart Smith took to Washington D.C. and describes some of the conversations he and Bart had with Congress. Specifically, they expressed their concerns regarding the Choice Act and the potential implications of the legislation for community financial institutions. Brian urges viewers to contact their congressional representatives with their concerns so that everyone’s voices are heard.
Articles of Interest
Financial Choice Act UPDATE: Additional information regarding the Domestic Deposit Cap Exemption in Title I
As follow-up to the March 2017 Level Playing Field® webinar, we sent a summary written by Bart Smith regarding Title I of the Financial Choice Act, so you could use it as a template when reaching out to Senators. Now, Bart has put together an update based on recent findings and further discussions with Washington.
While having a higher leverage requirement for the largest organizations is not a bad idea, Title 1 of the Financial Choice Act undermines long-standing, competitive restrictions on the industry and provides a broad pathway for massive consolidation and even larger national companies.
The NCUA recently released its revised risk-based capital proposal for credit unions, and early indications suggest the changes are very promising. Performance Trust has actively followed this issue from the start, and this latest commentary from Bart Smith provides details on the various revisions and discusses items that credit unions should consider going forward.
The rate rise over the last year has led many depository institutions to consider transferring securities to “Held to Maturity” (HTM). Former regulator Bart Smith thoroughly discusses the many factors one must consider and evaluate before deciding on whether to take this virtually-impossible-to-reverse step.