BankThink A cautionary tale on brokered deposits By William M. Isaac

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columns from William Isaac in top financial publications

November 9, 2018

BankThink A cautionary tale on brokered deposits By William M. Isaac

BankThink A cautionary tale on brokered deposits By William M. Isaac

November 9, 2018

The Federal Deposit Insurance Corp. is considering changing its rules governing brokered deposits, as American Banker recently reported. A number of bankers have urged the FDIC to liberalize the current rules so they might fund their banks more readily and extensively by purchasing money from deposit brokers. I would caution bankers and the FDIC to tread cautiously in this area.

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Why the Financial Accounting Standards Board must hit pause on CECL by William M. Isaac and Thomas P. Vartanian July 24, 2019 “Those who fail to learn from history are doomed to repeat it.” Winston Churchill’s words should serve as a warning to the Financial Accounting Standards Board (“FASB”) regarding the Current Expected Credit Loss accounting standard (“CECL”). If FASB looks to the past, it will appreciate why the implementation of CECL should be paused and substantially rethought. The ...
A broken accounting system in need of repair by William Isaac and Thomas Vartanian published by The Hill on May 28, 2019 May 28, 2019 The Financial Accounting Standards Board (FASB) continues to forge ahead with its plan to require banks to forecast and book current expected credit losses (CECL) over the life of loans without even an offsetting credit for expected interest income. Bank regulators should not follow FASB down this dangerous path much as they did two decades ago. ...
BankThink FASB’s accountability problem by William M. Isaac and Thomas P. Vartanian published by American Banker on April 26, 2019 April 26, 2019 Great news for banks. We’ve decided to establish a self-governing body to create federal common law principles governing corporate conduct. Since Congress has never legislated in this area, the field is wide open. Our new Corporate Conduct Principles Board, or CCPB, will consist of lawyers, financial institution executives and former regulators. It will function as a ...
BankThink Accounting standards shouldn’t be left to the accountants, by William M. Isaac published by American Banker on January 4, 2019 January 6, 2019 The SEC and FASB are at it again with a plan requiring banks to forecast and book “current expected credit losses” over the life of loans without even a credit for expected interest income. Bank regulators are dutifully moving forward with plans to implement the new accounting standards. The impact could be very negative for most ...
BankThink A cautionary tale on brokered deposits By William M. Isaac November 9, 2018 The Federal Deposit Insurance Corp. is considering changing its rules governing brokered deposits, as American Banker recently reported. A number of bankers have urged the FDIC to liberalize the current rules so they might fund their banks more readily and extensively by purchasing money from deposit brokers. I would caution bankers and the FDIC to ...
BankThink Don’t reinvent the wheel on housing finance: Restore Fannie and Freddie, by William M. Isaac published by American Banker on February 16, 2018 February 18, 2018 BankThink Don’t reinvent the wheel on housing finance: Restore Fannie and Freddie Tackling the last piece of unfinished business from the 2008 financial crisis is a top priority for policymakers — the big question is how to do it. Recently, an early draft of legislation aimed at reforming the twin housing giants Fannie Mae and Freddie Mac ...

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