ABA Banking Journal - May 2014 - (Page 10)
ABA President Frank Keating (l)
and Chairman Jeff Plagge
address bankers at ABA Summit
Lobbying and leadership in the capital
OFTEN, YOU HAVE TO BRING a
lot of firepower to the front to make a
dent in the opposition's lines. ABA's
2014 Government Relations Summit
did that and more.
Among the Summit's most valuable
opportunities for the 1,000 bankers in
attendance is the chance to meet, in
early morning sessions, with officials
from the industry's four major regulators: the three traditional banking
agencies and the Consumer Financial
Protection Bureau. Bankers ask questions or make statements, and officials
ABA BANKING JOURNAL
Highlights from this year's sessions:
* Guidance isn't optional. Bankers
asked about examiner focus on best
practices and guidance. FDIC said
compliance with guidance is expected, though guidance isn't enforceable.
Best practices represent the distillation of good ideas seen by examiners.
* Vendor management. In many sessions, traditional regulators stressed
their ongoing concern about banks'
third-party risks, and expectations
that banks will adopt strong controls.
* De novo banks possible. FDIC's
Doreen Eberley, director of risk
management supervision, said the
agency stands ready to consider new
applications for deposit insurance.
"We are absolutely open for business," she said. "There hasn't been
a lot of business, though, that we've
heard about." As prices for existing
banks rise, she speculated, interest in
de novo banking may pick up.
* Keep loan loss methodology on radar.
OCC's John Lyons, senior deputy
comptroller and chief national bank
examiner, noted that the Current
Expected Credit Loss model proposed by the Financial Accounting
PHOTOS: LEFT, PAT FISHER. RIGHT, ELIA SEBA
ABA GR Summit attendees hear key messages from policymakers
Table of Contents for the Digital Edition of ABA Banking Journal - May 2014
Who will fill the chair?
Pass the Aspirin
Doing well by doing good
ABA At Your Service
ABA Banking Journal - May 2014