EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Select your location
Local sites
Recasting the viewpoint of brokered deposits in light of changing regulatory considerations and technological innovation.
The FDIC revised the definitional criteria for determining brokered deposit populations in light of the rapid pace of technological innovation and digital customer interaction as well as the entrant of FinTechs in bank relationships. The new definition requires a fresh look at the reporting of deposit populations; concurrent assessments of relationship profitability and pursuit of designated and requested exceptions are essential to mitigating unfavorable impact.
Download the full brief
The author would like to thank Alan Zimmerman, John Lothman, Tom Godsey and Jacob McCoy for their contributions in developing this brief.
Summary
Regulatory change in the framework for defining and evaluating brokered deposits remains complex; consideration of the new requirements and avenues for relief is essential.
Related Banking & Capital Markets articles
Spotlight on the regulatory reporting data dictionary
Strategic implementation of the report data dictionary helps firms build transparency, consistency, and accuracy of the regulatory reports. Click to learn more.
08 Jan 2021
Vadim Tovshteyn
