Interest rates are changing now, and it’s time for community banks to take note. In the long stretch of time where there were no rate changes, regulators and banks alike looked past the requirement that banks have an independent review of Interest Rate Risk (IRR).
With changing rates, it’s more likely to be one of the first questions an examiner asks about when assessing your banks sensitivity to market risk – “Can you provide a copy of your most recent independent review of IRR?”
Community Bank Advisors provides this service for community banks – and the process is easy. We work offsite, and offer a 30-day turnaround time. This service is required by the Interagency Guidance, but more than that, it’s a great way to help your bank and Asset/Liability Committee (ALCO) make smart decisions.
Contact our team to make sure you are ready for times of volatility for interest rates. Send us a message or give us a call for more information.