On Credit Union Compliance: 11 vendor management resources

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Managing credit union vendor relationships continues to be complicated for two reasons. One is the increasing complexity of the vendor relationships themselves. Credit unions need to work with a variety of vendors, and sometimes even hire vendors that rely on other vendors to support a particular function or member service. The second reason vendor relationship management is tricky is increased and changing regulator scrutiny of vendor relationships; what is OK during a CU’s current exam might not be OK during the next one.And there’s no question that it’s not easy to ascertain whether an outside provider is truly compliant. The six documents below come editor-recommended for being content rich. Hopefully, reviewing them will help you discern the lay of the land in the vendor compliance management arena (including the key role of the Consumer Financial Protection Bureau)—and help you develop thoughtful steps you can take with your vendor compliance management efforts.Articles about the Regulatory History“A Significant Change in the Regulatory Oversight of Third-Party Relationships”By John ReVeal and Judie Rinearson of the Bank Bryan Cave law firmIn recent years it has become quite obvious that the bar has been raised on how banks relate to their third-party processors, program managers and other service providers. continue reading »last_img read more

Swiss pension fund seeking ideas for low-volatility equity strategy

first_imgA Swiss pension fund is seeking ideas for a factor-driven global developed market equities strategy and has set out its thinking on IPE Quest’s pre-request for proposal platform.According to IPE Quest Discovery search DS-2523, the pension fund is contemplating allocating between CHF200-400m (€179-358m).The strategy should remove downside risk from the global equity allocation.“The desired strategy will show an asymmetric return pattern versus the market average with high relative returns in bear markets, market equivalent or similar in moderately positive returning markets and low relative returns in strongly positive returning markets,” said the pension fund. It is open to a pooled mandate or segregated account. All stated returns should be gross of fees.Interested parties should have a track record of at least five years and submit ideas by 15 April, at 5pm UK time.Brunel Pension Partnership, one of the eight asset pools created by UK local government pension schemes, recently awarded a £400m (€467m) low-volatility global equity mandate.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.last_img read more

Class of 2020 power forward Woody Newton verbally commits to Syracuse

first_img Facebook Twitter Google+ Published on May 28, 2019 at 6:55 pm Contact Arabdho: armajumd@syr.edu | @aromajumder Four-star recruit Woody Newton announced his verbal commitment to Syracuse via Twitter on Tuesday. The 6-foot-8, 190-pound forward from Mt. Zion Prep (Maryland) was recruited primarily by assistant coach Allen Griffin, per 247sports.com. He’s ranked No. 73 in his class by rivals.com and is the first Class of 2020 commitment for Syracuse. He chose the Orange over seven other Division I schools, including Xavier, Maryland, Seton Hall, Cincinnati, Penn State, Kansas State and Virginia Tech. “I will bring to any program a tough player that will lock up any best player in the country,” Newton said at the Nike Elite Youth Basketball League session in Dallas last weekend. “I’m always giving my all, 110%, and I’m ready to work, no matter what.”In 13 EYBL games this summer, Newton averaged 5.7 points and 3.5 rebounds per game. He shot 47.1% from the field and 40% on 20 3-pointers. He also made 18 of his 35 free throw attempts.Newton called himself the best defender in the country at the EYBL session in Dallas last weekend, and with a long, lanky frame, he affected shots at the rim and had the lateral movement to stay in front of guards on the perimeter. In EYBL this year, he averaged 0.9 steals and 0.4 blocks per game and earned playing time at crucial moments on a talented Team Takeover squad with his defensive presence.“Just being long, wily, as well as being able to guard multiple positions my whole life, I always prided myself on defense,” Newton said over the weekend.AdvertisementThis is placeholder textSyracuse currently has four players listed at the same position as Newton: juniors Marek Dolezaj, Bourama Sidibe and Elijah Hughes and sophomore Robert Braswell. Commentslast_img read more