Welcome! It is so great to see all of you – I enjoy and appreciate that we are able to be here in person. Thank you, St. Louis Federal Reserve, for again hosting this event. This conference presented by state and federal regulators is a testament to our nation’s dual-banking system - which I believe helps make our economy the
By Temple University Professor of Finance Jonathan A. Scott and CSBS Chief Economist Thomas F. Siems In the 2023 CSBS Annual Survey of Community Banks, 21% of respondents reported that their pricing decisions on loans and deposits influence local market interest rates, 59% reported they have some influence, and the remaining 20% reported no influence. Can community banks product pricing
Safety and Soundness Certification Certified Large Institution Examiner (CLIE) Candidates for the CLIE designation must provide evidence of the following: Expected to have skills and experience associated with CEIC level or equivalent. Senior examiner experience aligned with skills for large bank specialties considered on a case-by-case basis. Training should include large bank focused course, including training from FDIC, FRB, FFIEC
Purpose Five federal financial institution regulatory agencies, 1 in conjunction with the state bank and state credit union regulators, (collectively, agencies) are jointly issuing this statement to emphasize the expectation that supervised institutions with LIBOR exposure continue to progress toward an orderly transition away from LIBOR. Additionally, this statement includes clarification regarding new LIBOR contracts, considerations when assessing appropriateness of
Download the Full Letter [PDF] Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218 Washington, DC 20219 Chief Counsel's Office Attention: Comment Processing Docket ID OCC-2023-0011 Board of Governors of the Federal Reserve System 20th Street and Constitution Ave NW Washington, DC 20551 Ann E. Misback, Secretary Docket No. R-1815 RIN 7100-AG66 Federal Deposit Insurance Corporation
Download the Comment Letter [PDF] James P. Sheesley, Assistant Executive Secretary Attention: Comments/Legal OES Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 RIN 3064-AF94 Re: Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”)
2024 NMLS Annual Conference & Training by Brandon Milhorn CSBS President and CEO It is a privilege to address this audience of nearly 700 supporters and super users of the Nationwide Multistate Licensing System (NMLS). 1 This is a big audience, but we are a small piece of the larger NMLS universe which represents . . . 66 state supervisory
Misconceptions Misconception: Regulation of nonbank mortgage companies is lax or non-existent. As the primary regulator of nonbanks, states have broad licensing, examination, investigation, and enforcement authorities. Prudential standards, including financial capacity (i.e., net worth/capital and liquidity), governance, and risk management requirements, are also a matter of state law enforced by state regulators. 1 The Nationwide Multistate Licensing System and Registry
Download the Full Comment Letter [PDF] October 4, 2024 James P. Sheesley, Assistant Executive Secretary Attention: Comments – RIN 3064-ZA42 Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 Re: Request for Information on Deposits Dear Sir or Madam, The Conference of State Bank Supervisors 1 (“CSBS”) provides the following comments on the Federal Deposit Insurance Corporation’s (“FDIC”)
2025 NMLS Annual Conference and Training Opening Remarks Brandon Milhorn Feb. 12, 2025 Good morning, everyone. It is great to be back at the NMLS Annual Conference — my second as President and CEO of the Conference of State Bank Supervisors. This is our largest audience ever at the conference — 842 total — with 313 from state agencies and