ABA Banking Journal - December 2008 - (Page 18)

briefing ABA Chairman’s Position ABA Resources Continued from page 17 ARTHUR CONNELLY Chairman, South Shore Bancorp aconnelly@aba.com Your phone line strengthens ABA’s hand ABA MAINTAINS SOLID LINES OF communication with official Washington whether we’re working with a new administration and a new Congress, or ones that have been around for a while. But the most important line of communication we have is your phone line. So much of what ABA accomplished last year in working with Congress and the administration was due to your phone calls, your emails, and your faxes to Congress. That was true whether the issue was the growth of the Farm Credit System, the expansion of the bank-like credit union industry, or passage of economic stabilization legislation. In Washington, D.C., the bottom line is that grassroots activity alters outcomes. And it’s more important now than ever. Just look at the passage of the Emergency Economic Stabilization Act last fall. Forty thousand bankers asked members of Congress to support it through ABA’s communications system. Thousands more added their voices through the efforts of their state associations. Your grassroots participation earned ABA a reputation for effectiveness in Washington, D.C. But now there’s a new game in town. We want the new administration and the new Congress to know who we are and what we do for our communities. The more engaged we are, the more effective we will be. There has never been a more important time to be involved in the work of our association. The Obama Administration, like the others before it, will have its own ideas on economic policy. And so will the Congress. The year ahead may be filled with opportunities. But it will also be filled with serious challenges on a host of issues including regulatory restructuring, economic stabilization, deposit insurance, housing finance, interchange, and credit cards. And it all comes at a time when the media shorthand for the problems that others have caused is the “bank bailout.” There’s so much we can do to make a difference. Let’s increase participation in our Direct Contact Bankers program so that more members of Congress will know us as individuals, as their constituents, and as community leaders back home. I invite—and urge—you to make plans now to attend ABA’s 2009 Government Relations Summit, March 30-April 1, Washington, D.C. In addition to issues briefings, we’ll have a chance to talk with members of Congress and regulators. Those of you who contributed to ABA’s BankPac and your state association political action committees have moved the ball forward as we seek to support members of Congress who understand the role of banking in a community. The new Congress won’t take office until next month. But in just two years, Americans will go to the polls to elect one-third of the Senate and every member of the House. There’s always another election cycle. “Nothing endures but change,” the philosophers tell us. Change demands choices. The President-elect is making choices for his Cabinet and White House staff, and the direction his policies will take. Bankers have to make choices, too. My choice as ABA’s new chairman is to build on our grassroots strength so we can make certain that the new administration and the new Congress understand our banks are the economic engine in every community in this country. Let’s make certain that everyone in official Washington knows that. It’s not going to be that hard as long as we remember that the strongest line to Congress and the administration is still your phone line. BJ Along with the services mentioned above, ABA’s endorsement includes Trustwave’s TrustKeeper ondemand compliance management technology, which identifies the latest threats to network assets and information, and is used to validate compliance with multiple regulatory requirements such as the Gramm-Leach-Bliley Act and the Payment Card Industry Data Security Standard. Trustwave offers best-ofbreed managed security services, which include secure email, unified threat management, intrusion detection and intrusion prevention technologies essential to complying with financial industry regulations and information security management. Also included in this Trustwave security portfolio are extended validation secure sockets layer (EV SSL) certificates, the new standard in Internet security. These EV SSL certificates validate the identity of web sites to consumers and reduce the risk of fraud. These certificates help consumers recognize legitimate sites from counterfeit or “spoofed” web sites, significantly reducing the risk of phishing. This alliance will help banks with critical security functions, which are especially important to those organizations that do not have in-house IT capabilities. By outsourcing data security needs to Trustwave, banks can maintain compliance with regulatory standards and have a proven source to manage, monitor and support critical data assets. They will also have access to Trustwave’s 24-7 security operations center that offers multi-lingual support. To learn more, visit the CAB section of aba.com at www.aba.com/CAB or call 1800-BANKERS. 18 DECEMBER 2008/ABA BANKING JOURNAL Subscribe at www.ababj.com http://www.aba.com/CAB http://www.ababj.com

Table of Contents for the Digital Edition of ABA Banking Journal - December 2008

ABA Banking Journal - December 2008
Contents
Editor’s Column
Cover Story
ABA Resources
ABA Chairman’s Position
Community Banking
Pass the Aspirin
The Bank that Hates "Customers"
"Ivan the Terrible"Wreaks Havoc, but Adds New Business Line
New Twist on Philanthropy:the "Second-Chance" Account
Risk Management
Tech Topics
Webnotes
Compliance Clinic
MailBox
Banker’s Mart
To Advertise/Index of Advertisers
The Economy

ABA Banking Journal - December 2008

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