Bank Notes January 2010
Issues for Financial Institutions in 2010
by Dan Trigg
Managing Director
Bank management continues to attempt to counter the asset quality issues that have deflated the banks return on assets (ROA). To bolster the ROA, avenues have been explored designed to cut costs where possible. Personnel cost is the second highest expense for any bank. While some banks may have some “excess personnel capacity,” it is critical for this resource to match up to the banks business model and service delivery system. Most community banks see their customer service as a “differentiator” from other competitors. The question then becomes does cost cutting impact the bank’s ability to sustain the business model and service delivery?
A second issue involved with cost cutting is the potential impact on the internal control processes. As positions are eliminated, the functions performed in that position must be picked up by other employees. Does that create a weakness in the financial control systems that could have an impact on the processing and recording of financial information? The impact of possible cost cutting on the control environment is a consideration that will certainly require management attention.
There is a tendency for “non productive” positions to be eliminated in cost cutting moves. Now would not be the best time to have a cut back in the internal audit budget and role.
Risk management
Risk management and risk oversight continue to be at the top of the “to do” list for financial institutions. Bank management should provide their assessment of identified risks and how those risks are being monitored, controlled and measured. In addition, bank management should identify emerging risks and assess their potential impact to the bank.
Click here for rest of article
Sponsor- Cambridge Consulting Group has helped numerous financial institutions contain costs on real estate by terminating real estate leases for branch banks. For more information on their real estate lease buyout programs please visit their website- www.commercialleaseterminations.com.
Subscribe to:
Post Comments (Atom)
Posts
Otr214428
ReplyDeleteINTERNATIONAL CONCEPT OF WORK FROM HOME
Work from home theory is fast gaining popularity because of the freedom and flexibility that comes with it. Since one is not bound by fixed working hours, they can schedule their work at the time when they feel most productive and convenient to them. Women & Men benefit a lot from this concept of work since they can balance their home and work perfectly. People mostly find that in this situation, their productivity is higher and stress levels lower. Those who like isolation and a tranquil work environment also tend to prefer this way of working. Today, with the kind of communication networks available, millions of people worldwide are considering this option.
Women & Men who want to be independent but cannot afford to leave their responsibilities at home aside will benefit a lot from this concept of work. It makes it easier to maintain a healthy balance between home and work. The family doesn't get neglected and you can get your work done too. You can thus effectively juggle home responsibilities with your career. Working from home is definitely a viable option but it also needs a lot of hard work and discipline. You have to make a time schedule for yourself and stick to it. There will be a time frame of course for any job you take up and you have to fulfill that project within that time frame.
There are many things that can be done working from home. A few of them is listed below that will give you a general idea about the benefits of this concept.
Baby-sitting
This is the most common and highly preferred job that Women & Men like doing. Since in today's competitive world both the parents have to work they need a secure place to leave behind their children who will take care of them and parents can also relax without being worried all the time. In this job you don't require any degree or qualifications. You only have to know how to take care of children. Parents are happy to pay handsome salary and you can also earn a lot without putting too much of an effort.
Nursery
For those who have a garden or an open space at your disposal and are also interested in gardening can go for this method of earning money. If given proper time and efforts nursery business can flourish very well and you will earn handsomely. But just as all jobs establishing it will be a bit difficult but the end results are outstanding.
Freelance
Freelance can be in different wings. Either you can be a freelance reporter or a freelance photographer. You can also do designing or be in the advertising field doing project on your own. Being independent and working independently will depend on your field of work and the availability of its worth in the market. If you like doing jewellery designing you can do that at home totally independently. You can also work on freelancing as a marketing executive working from home. Wanna know more, email us on workfromhome.otr214428@gmail.com and we will send you information on how you can actually work as a marketing freelancer.
Internet related work
This is a very vast field and here sky is the limit. All you need is a computer and Internet facility. Whatever field you are into work at home is perfect match in the software field. You can match your time according to your convenience and complete whatever projects you get. To learn more about how to work from home, contact us today on workfromhome.otr214428@gmail.com and our team will get you started on some excellent work from home projects.
Diet food
Since now a days Women & Men are more conscious of the food that they eat hence they prefer to have homemade low cal food and if you can start supplying low cal food to various offices then it will be a very good source of income and not too much of efforts. You can hire a few ladies who will help you out and this can be a good business.
Thus think over this concept and go ahead.