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Financial institutions news from around the web: December 5 – 9, 2022

Written on Dec 8, 2022

New artificial intelligence tool predicts when a bank should be bailed out by taxpayers 
An artificial intelligence tool could help governments decide whether or not to bail out a bank in crisis by predicting if the intervention will save money for taxpayers in the long term. 

Ex-Morgan Stanley CEO: 'I think risk management has been taken to another level' 
The possibility of a global recession has triggered comparisons to the 2008 financial crisis, caused in part by the downfall of banking giant Lehman Brothers. But financial institutions have gotten better at managing risk since then, says former Morgan Stanley CEO John Mack. 

ESG focus set to intensify in the capital markets direct lending sector 
ESG is set to move up the agenda in the capital markets direct lending sector with the growth of a loan market delivering for socially sustainable projects seen as the biggest priority, according to new research from global loan agency provider Ocorian. 

CU leaders call for transparency in new CDFI certification process 
CUNA and NAFCU argue the proposed changes will exclude many credit unions.