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CSBS has consistently maintained that access to Federal Reserve services should be restricted to eligible institutions on an equitable and impartial basis. We are concerned that this proposal assumes state supervision is substandard to federal supervision.
Washington, D.C. – Today, at a Women in Housing and Finance event, FDIC Vice Chairman Travis Hill commented on the agency’s corporate governance proposal, raising concerns and noting that the FDIC is continuing its work on the guidelines. “There is simply no rationale for the FDIC to proceed with this proposal,” said CSBS President and CEO Brandon Milhorn. “The corporate
Washington, D.C. - The Conference of State Bank Supervisors (CSBS) today named a student team from the University of Tennessee-Martin as winner of the 2023 Community Bank Case Study Competition. Teams from Iowa State University and Messiah University in Mechanicsburg, Pa., placed second and third, respectively. “The work of these three teams was top rate, and we are pleased to
Community Bank Vitality, State-Federal Partnerships, and State Nonbank Authority are 2025 Priorities Today, on behalf of state financial regulators, the Conference of State Bank Supervisors (CSBS) asked new Congressional leaders to advance policies that support community banking, enable effective state-federal partnerships, and safeguard the dual-banking system. A similar letter will be sent to Executive branch leadership in the next Administration
Washington, D.C. – State financial regulators, joined by the Bankers Electronic Crimes Task Force and the U.S. Secret Service, today issued a self-assessment tool to banks they supervise in an effort to help mitigate ransomware attacks. “Ransomware is a major threat to the financial services industry,” said Texas Banking Commissioner Charles G. Cooper, who leads the Bankers’ Electronic Crimes Task
Washington, D.C. — North Dakota Department of Financial Institutions Commissioner and Financial Stability Oversight Council (FSOC) State Banking Supervisor Representative Lise Kruse statement from today’s FSOC meeting : "Thank you, Secretary Bessent, and good afternoon to my fellow Council members and to members of the public joining us today. I appreciate this opportunity to share the perspectives and highlight a
VIA E-Mail December 4, 2018 Robert E. Feldman, Executive Secretary Attention: Comments Federal Deposit Insurance Corporation 550 17th Street, NW Washington, DC 20429 Docket No. RIN 3064-ZA02 Re: Request for Information on FDIC Communication and Transparency Dear Mr. Feldman, The Conference of State Bank Supervisors 1 (“CSBS” or “state regulators”) appreciates the opportunity to comment on the Federal Deposit Insurance
The FDIC should withdraw its proposed corporate governance and risk management guidelines. The proposal ignores and conflicts with state corporate governance laws, micromanages how a bank’s board is constituted and functions, and imposes a tangle of ill-designed organizational requirements and procedural checklists. In short, the proposal is fatally flawed, as CSBS told the FDIC in a comment letter. State regulators promote