Clifton Gunderson LLP - A nationwide firm of Certified Public Accountants and Consultants

February 2011

Posted February 3, 2011

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In this issue:

Enterprise Risk Management Is Coming to Your Town

Financial institutions need to ready themselves for the likely requirement of maintaining enterprise risk management (ERM) programs. While daunting to some, ERM can bring a fresh, new approach to operating a financial institution.

Tax Relief Act Offers Incentives to Businesses and Individuals

Significant changes and extensions of existing tax legislation will likely affect the tax and financial situations of you, your employees and your customers.

Debt Covenants Can Preserve Your Bottom Line

Regulators are expecting financial institutions to do a better job of creating and enforcing loan covenants for their commercial loan customers. Financial institutions that don't could experience losses that might have been avoided.