ABA Banking Journal - September/October 2015 - (Page 8)

> CHAIRMAN'S VIEW planning for the Future bY JoHN A. IKArD I dentifying the right person for an important job is always a weighty responsibility. Prep work is essential-if you're off the mark when you identify the key criteria for the job, then your perfect candidate could end up being not so perfect. But when you have a board as diverse as ABA's-representing banks of all sizes and business models from all over the country- and an executive staff as experienced as ABA's, the succession planning process becomes much more robust. The proof for that is in the person ABA ultimately selected to succeed Frank Keating as president and CEO: Rob Nichols, the subject of this issue's cover story. We had many informed voices sharing their insights about the challenges and opportunities our industry-and ABA-face. These stakeholders, including board members, member bankers, state association executives and ABA staff leaders, helped ABA's search committee identify and refine the criteria needed in our next CEO. The list of must-haves was long and specific. We wanted a visionary leader with demonstrated public policy acumen. Someone with a keen understanding of our banking and financial system and a proven track record in strategic management. And someone with sterling credentials as 8 ABA BANKING JOURNAL | sEpTEmBEr/OcTOBEr 2015 an effective Washington advocate. Rob Nichols is that someone. What's more, he has a uniformly positive reputation among other trade association leaders, policymakers and reporters alike. That's a hat trick in Washington. Rob's task-and that of bank CEOs across the country-will be to ensure that America's consumers and communities continue to have access to safe, reliable and trusted banking services-a prerequisite for growth and prosperity. To do that, banks need regulatory flexibility to serve our customers. This includes tailoring rules to suit a bank's risk profile. We need a level playing field so that government-subsidized- and less regulated providers-don't displace banks, whose services and tax dollars support hometowns across the country. We also need to continue to serve as stewards of the payments system, balancing innovation with safety to ensure its integrity. And we need to erect ever-stronger cyber defenses while ensuring that all parties that handle customer payment information abide by banklike data protection standards. These essential goals are captured in ABA's "Agenda for America's Hometown Banks." (Read about the agenda and our progress at aba.com/Agenda.) And they will be driving ABA's advocacy over the next several months as our current and much-admired CEO, Frank Keating, turns the reins over to Rob. Both Frank and Rob, a long-time advocate for the industry, understand the essential role banks play in their hometowns and the need for policy to support that role, not hinder it. That role is on display in the pages of this magazine. Maryland Bankers Association President and CEO Kathleen Murphy provides a first-hand account of how MBA and member banks worked with community partners during and after the unrest in Baltimore this spring, and what they are doing to identify long-term solutions to the city's challenges. " Prep work is essential- if you're off the mark when you identify the key criteria for the job, then your perfect candidate could end up being not so perfect. Other stories spotlight how Regions Bank and Operation Hope are tackling poverty in north St. Louis http://www.aba.com/Agenda

Table of Contents for the Digital Edition of ABA Banking Journal - September/October 2015

CHAIRMAN'S VIEW
UPFRONT
PICTURE THIS
ECONOMIC OUTLOOK
POISED AND PROACTIVE ON THE FARM
MEETING CUSTOMERS WHERE THEY ARE
INVESTING IN STRONG RURAL COMMUNITIES
ABA COMPLIANCE CENTER INBOX
OPERATIONS
BANKS IN INSURANCE
REAL ESTATE LENDING
BOARD MATTERS
INVESTOR PERSPECTIVE
LEGAL BRIEFS
FROM THE STATES
COMPLIANCE
INNOVATIONS IN SOCIAL RESPONSIBILITY
INDEX OF ADVERTISERS

ABA Banking Journal - September/October 2015

https://www.nxtbook.com/naylor/BAKS/BAKS0318
https://www.nxtbook.com/naylor/BAKS/BAKS0218
https://www.nxtbook.com/naylor/BAKS/BAKS0118
https://www.nxtbook.com/naylor/BAKS/BAKS0617
https://www.nxtbook.com/naylor/BAKS/BAKS0517
https://www.nxtbook.com/naylor/BAKS/BAKS0417
https://www.nxtbook.com/naylor/BAKS/BAKS0317
https://www.nxtbook.com/naylor/BAKS/BAKS0217
https://www.nxtbook.com/naylor/BAKS/BAKS0117
https://www.nxtbook.com/naylor/BAKS/BAKS0616
https://www.nxtbook.com/naylor/BAKS/BAKS0516
https://www.nxtbook.com/naylor/BAKS/BAKS0416
https://www.nxtbook.com/naylor/BAKS/BAKS0316
https://www.nxtbook.com/naylor/BAKS/BAKS0216
https://www.nxtbook.com/naylor/BAKS/BAKS0116
https://www.nxtbook.com/naylor/BAKS/BAKS0615
https://www.nxtbook.com/naylor/BAKS/BAKS0515
https://www.nxtbook.com/naylor/BAKS/BAKS0415
https://www.nxtbook.com/naylor/BAKS/BAKS0315
https://www.nxtbookmedia.com