Baker Market Update: Aug. 3, 2015

Most people have heard the story about the guy who asked the waiter to cut his pizza into sixths instead of eighths. He wasn’t hungry enough, he reasoned, to eat eight slices of pizza. So, it’s all in how one looks at things. Well, the Bureau of Economic Analysis (BEA) decided to take another look at how things played out for the economy over the last few years in an attempt to rectify “seasonal biases.” It’s 2015, and there is no place in our economy for biases; seasonal or otherwise. The most salient adjustment relates to what represents the fourth counting of first quarter GDP.

Operations Compliance


The operations side of the bank is facing increasing challenges. Technology is driving more products, but creating new security and compliance burdens. Innovative products are bringing in more non-interest income, but also raising regulatory concerns. And non-bank agencies continue to poke around in bank records and operations!

New this year!
The Summit has added a panel of experts to conduct a case study concerning Cyber Security & Disaster Recovery.

Topics Include:



What are the biggest challenges facing community banks? According to the Office of the Comptroller of the Currency’s Semiannual Risk Perspective, community banks are most challenged by operational and lending issues, including:


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