The Federal Reserve Bank of Richmond recently hosted a Community Bank Credit Forum, bringing together representatives from various banks to discuss crucial topics related to credit and risk management.
"We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you," stated a representative from the Federal Reserve Bank.
The event saw over 40 attendees from banks across the Fifth Federal Reserve District convene to engage in discussions on credit risk management best practices, commercial real estate trends, and emerging risks. Participants also took part in an interactive exercise aimed at enhancing their understanding of credit risk assessment processes.
"The forum agenda included a wide variety of topics related to credit, including an interactive session on credit risk and credit risk ratings," shared a spokesperson from the Richmond Fed.
The forum served as a platform for networking and learning, providing valuable insights into the intricacies of credit risk assessment and management within the banking sector.
