ABA Banking Journal - August 2014 - (Page 40)

AROUND THE ABA focus on Benchmarking and Surveys JANE YAO SVP, Benchmarking and Surveys ABABJ: What is ABA Survey Reports & Benchmarking? 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 these tools? 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. Questions? Email Jane at jyao@aba.com. LEADERSHIP 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. Nominees are: 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 ADVOCACY 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. 45 Escrow Rules 61 64 ABA BANKING JOURNAL | AUGUST 2014 131 173 204 HOEPA/ Loan Originator Appraisal General Servicing High Cost Rules Rules Implementation Rules Source: ABA Regulatory Burden Infographic. 40 | 69 ATR/QM http://www.aba.com/Advocacy

Table of Contents for the Digital Edition of ABA Banking Journal - August 2014

Chairman's View
Editor's Column
The Economy
Bank Notes
Picture This
Community Banking
Why HCE could be a big payment plus for banks
Rethinking the branch experience
Social media success not all about "followers"
Compliance Clinic
Around the ABA
Legal Issues
First Person

ABA Banking Journal - August 2014

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