Washington, D.C. - State financial regulators voiced support for rescinding the FDIC’s current bank merger policy statement and suggested reforms that would modernize and improve the M&A framework in a letter sent today from the Conference of State Bank Supervisors (CSBS). To enable growth and the long-term stability of community banks and the broader financial system, bank merger policy should
Innovation challenge is part of CSBS Catalyst Initiative Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today selected five technology companies to develop and prototype their concepts to make bank financial data reporting less burdensome, more granular, and more timely than the current quarterly submission process. “Technology can help fundamentally change the way states examine banks and identify
Washington, D.C. – Statement from Conference of State Bank Supervisors (CSBS) President and CEO Brandon Milhorn on the confirmation of Travis Hill to be the FDIC Chairman: “CSBS congratulates Travis Hill on his confirmation to serve as FDIC Chairman. As a member of the FDIC Board of Directors, he has demonstrated a deep understanding of the U.S. banking system and
The Honorable Jeb Hensarling Chairman House Financial Services Committee 2129 Rayburn House Office Building Washington, DC 20515 Dear Chairman Hensarling: On behalf of the Conference of State Bank Supervisors (CSBS) 1, I am writing to express state regulators’ opposition to H.R. 6743, the “Consumer Information Notification Requirement Act.” This bill would preempt state data breach notification laws and undermine state
Washington, D.C. - The Conference of State Bank Supervisors (CSBS) today announced its new Catalyst Initiative , which seeks to address state financial regulatory agencies' key supervisory challenges and reduce regulatory burden. The initiative will focus on partnering with the private sector to leverage modern technology and improve the efficiency and effectiveness of financial services supervision. “The Catalyst Initiative reflects
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) has named Karen K. Lawson as executive vice president for policy and supervision. In her new role, Lawson is a member of the CSBS executive leadership team and oversees the policy and supervision business unit. She will lead and coordinate CSBS’s legislative, regulatory and bank/nonbank supervisory processes and be responsible
Washington, D.C.—The Conference of State Bank Supervisors (CSBS) today announced Bridget Plitt as senior vice president of learning and development. Plitt most recently served as chief learning officer at the Office of the Comptroller of the Currency (OCC). Plitt will develop and refine the vision and roadmap for CSBS’s learning and development function. She will also lead the learning team
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) has opened the 2022 Data Analytics Competition for applications. This year, students are asked to develop a data analytics model that demonstrates the role community banks played during the pandemic using data from the Paycheck Protection Program. This is the second year of the competition, designed to give both undergraduate
Washington D.C. – Business conditions have surpassed funding as the area of greatest concern for community bankers as they navigate the impact of the coronavirus pandemic, according to the Conference of State Bank Supervisors’ (CSBS) seventh annual national survey. Last year, funding scarcity was the top concern, and only 6% of respondents listed business conditions as a challenge. However, this