ABA Banking Journal - August 2014 - (Page 40)
Benchmarking and Surveys
ABABJ: What is ABA Survey Reports
Jane Yao: To help members succeed
in today's highly competitive environment, ABA Industry Surveys collect
several types of data from banks that
are not available from other sources,
including compensation and benefits
for staff and directors; allocation of
bank marketing expenditures; insurance coverage for key risks; consumer loan delinquencies by detailed
loan categories; banks' fraud experience and prevention measures; and
retail banking performance. Survey
results are presented by bank size in
detailed summary reports to provide
the most meaningful peer comparisons. Our members-only Peer
Benchmarking Programs strive to develop well-defined measures and
metrics for banks' mission-critical
functions, including operational risk
and fraud risk.
ABABJ: How do ABA members use
JY: An increasing number of members now use ABA survey reports
and quarterly benchmarking results
to monitor and manage risk, and
support business decisions. Operational risk data is also used by members in CCAR/DFAST stress testing
and capital modeling.
Email Jane at firstname.lastname@example.org.
ABA Nominates Officers for 2014-2015 Term
The ABA nominating committee-chaired by Matt Williams, chairman and president of
Gothenburg State Bank, Gothenburg, Neb.-has selected a slate of candidates for association officer positions. The election will be held during the ABA Annual Convention,
Oct. 19-21, in Dallas.
Chairman: John A. Ikard, president and CEO,
FirstBank Holding Co., Lakewood, Colo.
Chairman-Elect: R. Daniel Blanton, CEO,
Georgia Bank & Trust, Augusta, Ga.
Vice Chairman: Dorothy A. Savarese, chairman, president, and CEO,
Cape Cod Five Cents Savings Bank, Orleans, Mass.
Treasurer: G. William Beale, president and CEO,
Union Bankshares Corp., Richmond, Va.
Upon becoming chairman in 2016, Savarese will be the second woman to lead
ABA, following former Federal Reserve Governor Betsy Duke, who chaired the association from 2004 to 2005. n
ABA to Congress: Reduce Regulatory Burden on Community Banks
Congress must move from good intentions to action that creates tangible results for the
nation's community banks, ABA Vice Chairman Dan Blanton told members of the
House Subcommittee on Financial Institutions and Consumer Credit last month.
Blanton, CEO of Georgia Bank & Trust of Augusta, Ga., noted that while there is a
widespread appreciation for the benefits community banks provide across the country,
many regulatory actions have hurt smaller institutions. "During the last decade, the
regulatory burden on community banks has multiplied tenfold," Blanton said.
To learn more, go to aba.com/Advocacy. n
HOURS SPENT ON COMPLIANCE
Every extra hour a bank employee spends
on compliance is an hour that cannot be
used to serve the bank's local community.
ABA BANKING JOURNAL
HOEPA/ Loan Originator Appraisal
Rules Implementation Rules
Source: ABA Regulatory Burden Infographic.
Table of Contents for the Digital Edition of ABA Banking Journal - August 2014
Why HCE could be a big payment plus for banks
Rethinking the branch experience
Social media success not all about "followers"
Around the ABA
ABA Banking Journal - August 2014