The Daily Dividend: FMS Publications

News, notes and insights from around the industry

APRIL 10, 2018
FMS Perspectives: Leadership in a Changing World
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Perspectives: Leadership in a Changing WorldIt could be argued that the world is entering its fourth industrial revolution – Industry 4.0 – driven by knowledge that is growing exponentially and more easily available to the masses than ever before. For leaders, this may mean it’s time to change what to expect from employees, how to hire and how to create value.

In our latest FMS Perspectives piece, “Leadership for an Industry 4.0 World”, leadership experts David Perry and Ron Wiens explain how management styles and principles will need to shift in order to better reflect this brave new world. How will you become the leader your organization needs right now?

 

APRIL 2, 2018
FMS Perspective: Application of Risk Ratings
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

Application of Risk RatingsWhat can a robust and consistent risk rating policy bring to your institution?

In our latest Perspective Piece, Alison Trapp of Sageworks argues that it brings benefits that span the life of the loan, from positively impacting their financial performance to increasing their human resource efficiency. Trapp offers a concise yet comprehensive overview of how to overhaul your risk rating system in "Application of Risk Ratings."

And while you’re there, check out our other recent Insights, with topics that range from the shifting risks of auto lending to how the tax bills has impacted member institutions.
 

MARCH 30, 2018
Following up on forward
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

Go to War with FMS forwardBy now, your copy of the March/April issue of FMS forward is likely well-worn, so here are a few follow-up readings for fresh insight into some of the hot topics we covered.

If you enjoyed The War on Deposits, our deep dive into the competition for deposits, check out this recent article from the Financial Times. It shows that even the biggest US banks are struggling as interest rates rise. Many of these big banks are no longer sure that their rock-bottom rates will retain retail depositors and they’re pumping money into digital banking arms that could offer more attractive rates.

If you enjoyed Spoiler Alert, an exploration of the importance of FTP, sign up for next week’s webinar, “How to Increase Profitability through FTP.” On Wednesday, April 4, you’ll get to hear straight from David Green, managing director of The Exequor Group, what FTP can do for your institution.

If you enjoyed Building a Dream Team, our look at how find and keep top talent in a hot job market, here’s a look at how the job market is likely to affect the mortgage market. In this interview with Michael Fratantoni, the chief economist for the Mortgage Bankers Association, he opines about interest rates and how strong he expects the housing market to be.
 

FEBRUARY 27, 2018
Go to War with FMS forward
By Mark Loehrke, Editor, Financial Managers Society

Go to War with FMS forwardRates are rising. Liquidity is tightening. Loan growth is steady. And the competition is heating up. 

In both the print and digital versions of the brand new March/April issue of FMS forward, we take a look at how all of these factors are contributing to an escalating war for deposits – with many institutions finding themselves reluctantly overpaying to hold onto customers and attract new ones, while others seek out alternative sources of funding.  

But there’s much more beyond the cover story in this issue, including:

Building a Dream Team: Deposits aren’t the only place community institutions are seeing big competition these days – with unemployment back to its pre-recession lows, it’s getting harder and harder to find good help. 

Spoiler Alert: Without a well-designed FTP framework, the story of how an institution makes money may be a work of fiction.

State of the (Credit) Union: NCUA board member Rick Metsger sits down for an exclusive conversation with FMS.

This is just a small sample of the timely stories we’ve pulled together for this issue, so be sure to check out the full print or digital copy. (Not a member? Join today!)

FEBRUARY 26, 2018
FMS Quick Poll: Tax-Inspired Raises and Bonuses
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Quick Poll: Tax-Inspired Raises and BonusesThe results of our recent Quick Poll are in! We asked FMS members if their institution is handing out raises or bonuses to employees in response to the recent tax reform, and the overwhelming answer was no.

While 32% have or may yet hand out some of their savings to their team, 68% have said no. While the reasoning behind the “no” votes varied, many members noted that the deferred tax asset revaluation handed them a major end-of-year hit on their balance sheets.

 

Read the full report to get an in-depth look at how tax reform is impacting your peer institutions and how they’re responding to the changes.
 

FEBRUARY 13, 2018
I (Heart) CECL
By Mark Loehrke, Editor, Financial Managers Society

I (Heart) CECLWhat better time than the eve of Valentine’s Day to offer up a timely reminder of the coming accounting standard that everybody just flat-out loves?

While it may be hard to read that sentence without one’s eyes rolling right out of their sockets, love it or hate it CECL is a reality that every institution is going to have to confront sooner or later (preferably sooner). So why not make the task a little bit easier by getting up to speed with some of the best thought leadership that’s been published over the past several months? CECL Central is the convenient and comprehensive warehouse of CECL expertise, information and commentary for FMS members, featuring dozens of terrific articles and resources – including the just-added white paper CECL Threatens Bank Total Risk-Based Capital Levels.

 

As your institution’s preparations continue to gain steam, be sure to check CECL Central often for additional insights like this one. And for even more information on the new standard and what your institution needs to do to be prepared, make plans now to join FMS and Sageworks in Dallas this April for CECL Implementation: Are You Ready for 2018?
 

FEBRUARY 6, 2018
The Update Goes Weekly
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

The Update Goes WeeklyYou might recall our recent note that we were planning some renovations around here – namely, bidding farewell to our beloved weekly Friday Hot Links posts in order to devote our time to something even better. Now it’s here – a newly revitalized FMS Update, now arriving in the inbox of FMS members weekly. That’s twice as much content, delivered on an even timelier schedule. 

Why the change? Because staying up to date on industry news is extremely important for financial professionals, but actually sifting through dozens of websites to find the stories that really impact your business and career is time-consuming and annoying. So we’re doing it for you. Your FMS Update arrives every Tuesday with a collection of stories from a wide array of publications, covering a variety of well-curated topics.

In other words, it’s a great complement to what we’re already doing in a little more depth here on the Daily Dividend and another terrific resource for FMS members. We hope you enjoy it.
 



Contributors


Mark Loehrke
Editor and Director, Publications and Research
Email: mloehrke@FMSinc.org 



Danielle Holland
President/CEO
Email: dholland@FMSinc.org 




Hilary Collins
Specialist, Publications and Research
Email: hcollins@FMSinc.org