The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.

This episode provides an update on the crypto industry by examining several articles in The Wall Street Journal (subscription required) titled “Behind Bitcoin’s rally is a simple fact: Supplies are limited” and “Crypto industry hopes Trump can finally get them bank accounts”. In addition, we provide some industry related news to give a full picture of what is happening in the crypto world.   

This episode examines five recent articles in S&P Global Market Intelligence (subscription required) that focus on current banking situations in Canada, Mexico, France, Japan, and China. These countries are all facing a myriad of problems that include tariffs, real estate, and economic issues.  

This episode examines five recent blog posts from PCBB that cover cybersecurity. We primarily look at how to make cybersecurity part of a bank’s culture. Additionally, we cover the topics of Bluetooth security, website domain attacks, and ransomware. Links to the blog posts are included below.

Link: Five Tips for Making Cybersecurity Part of Company Culture

Link: How To Deal with the Ever-Increasing Cybercrime Threat

Link: Protecting Your Website Domain from Common Cyberattacks

Link: The Importance of Bluetooth Security

Link: Protecting Your Institution as Ransomware Ramps Up

This episode provides an update on the 1033 rule also known as Open Banking. There have been major updates in just the past few weeks. ICBA released their Open Banking Guide, PCBB reported on the evolving open banking data standards, and the CFPB provided updated guidance. What does all this mean for financial institutions and consumers? What are the dangers and potential consequences of Open Banking? Links to related articles, blog posts, and the Open Banking guide are included below.  

Link: The Evolution of Open Banking Data Standards

Link: API Security Helps Keep Your Data Safe

Link: Five years on and 60% of consumers still don’t understand what Open Banking is | NTT DATA

Link: adv_2353a24_icba-open-banking-guidebook.pdf

The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.

This episode examines a recent article in The Wall Street Journal (subscription required) titled “What you can learn from young Warren Buffett.” The article covers a new book coming out centered on Warren Buffett’s early investments called “Buffett’s early investments.” The book is written by Brett Gardner. The book focuses on 10 investments Warren made as he was building his investment portfolio. The author takes into consideration Warren’s methods, practices, and analysis for how he ultimately made his investments.

This episode examines a two-part series from Bank Director titled “Enterprise risk management is about managing risk, not avoiding it.” The articles focus on Enterprise Risk Management or ERM and how banks can make better use of this system when managing risk. The first part focuses on what is ERM and how can you create an effective ERM system in your bank. The second part focuses on what it means to identify, measure, monitor, and control risk. Managing risk is one of THE most important aspects to the success of any bank or financial institution. A link to both articles in included below.

Link: Enterprise Risk Management Is About Managing Risk, Not Avoiding It | Bank Director

Link: Enterprise Risk Management Is About Managing Risk, Not Avoiding It (Part 2) | Bank Director

This episode examines a recent ICBA blog post titled “The year in compliance: 6 notable updates for community banks.” The blog post covers the following 6 compliance topics: 1) Beneficial ownership information, 2) CFPB’s guidance on ‘phantom’ opt-in overdraft agreements, 3) FDIC’s proposed rule for FBO accounts in bank-fintech partnerships, 4) CISA’s additional cyber incident reporting rules, 5) Increased check fraud scrutiny for megabanks, and 6) CRA and Section 1071 final rules. These compliance issues will continue to play out throughout 2025. A link to the blog posts is included below.

Link: The Year in Compliance: 6 Notable Updates for Community Banks

This episode examines six articles to get a picture of what the labor market looks like going into 2025. Some of the topics covered include younger US workers struggle for jobs as entry-level posts disappear, US labor market resilience weakening as joblessness worsens, managers are hiring but workers are still getting ghosted, and the death of middle management. In addition, we look at the 10 hottest jobs heading into 2025. The labor market is not as strong as the headlines would indicate. 2025 is looking like it might be a lukewarm hiring market.