As we get ready to welcome 2022, are there any key risk factors which emerged this year and are expected to influence the economy next year? Inflation and its implication... read more →
One of the criticisms of regulatory stress testing is the assumption of constant balance sheets for banks during the horizon of a stress scenario. In this article we examine some... read more →
In a recent post we introduced our RMA journal article on the “Forbearance Cliff”, a cliff that banks and borrowers have been faced with as the corresponding accommodation programs expire.... read more →
Forbearance is a “wait-and-see” strategy for banks to reduce uncertainties associated with the recovery and flatten the loss curve. However, it cannot last forever. As the so called accommodation programs... read more →
As the Paycheck Protection Program Flexibility Act has just been signed and the loan forgiveness process of the program is about to start, the ADP national employment report for May... read more →
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) introduced the Paycheck Protection Program (PPP) to provide economic relief to small businesses adversely impacted by the COVID-19 crisis. The... read more →