Community banker sentiment remains negative for a ninth straight quarter, but things are looking up; in the first quarter of 2024, the Community Bank Sentiment Index (CBSI) reached its highest level recorded since 2021. CSBS Chief Economist Tom Siems joins us today to look deeper into the driving forces behind community banker negativity, why their negative sentiment is trending toward
Statement by Superintendent Adrienne A. Harris New York State Department of Financial Services on The Report on Nonbank Mortgage Servicing by the Financial Stability Oversight Council First, I would like to acknowledge the work of the FSOC Secretariat, Federal Reserve, and Ginnie Mae staff who led the drafting of the report. I am proud to be here today representing the
CSBS continues to advocate for state authority as policymakers discuss and debate the role of regulation in a rapidly evolving financial services sector. The House Financial Services Committee passed the Bank Service Company Examination Coordination Act in February 2023, priming the bill for full passage during the current Congress. Along with a coalition of partners, CSBS also helped advance the
Washington, D.C. – Today, the Financial Stability Oversight Council (FSOC) released a report on nonbank mortgage servicing, including far-reaching recommendations with potentially significant consequences for the United States mortgage market and American home buyers. The Conference of State Bank Supervisors (CSBS) applauds the leadership of New York State Department of Financial Services Superintendent Adrienne Harris, the state representative on the
Teams will examine how banks are planning for the future Washington, D.C. – Thirty-four student teams from 28 colleges and universities across the nation have entered the 2023 CSBS Community Bank Case Study Competition. Each team has partnered with a local community bank to learn how it is recruiting and retaining talent, approaching succession planning and using technology to advance
Privacy Notice CSBS Privacy Notice 1 Introduction The Conference of State Bank Supervisors, State Regulatory Registry (“SRR”), and CSBS Education Foundation (“CSBSEF”), (collectively, “CSBS”), have a duty to protect and minimize exposure of personal information – a duty CSBS takes very seriously. This Privacy Notice (“Notice”) covers CSBS’ practices for collecting and processing personal information about individuals including but not
CSBS Incoming Chair Charlie Clark SFSF Remarks May 15, 2024 Chicago Thank you, Sebastien. And thank you to everyone here today. I truly believe the stage is set for an amazing year for CSBS and the state and federal regulatory system. This forum began more than a decade ago when then-CSBS president John Ryan realized the need for state and
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced the election of Washington State Department of Financial Institutions Director Charlie Clark as the new chair of the Board of Directors. CSBS also elected new officers for 2024-25 during its annual meeting. Chair Clark presented his annual committee chair appointments in the CSBS board meeting that immediately followed. Newly
There are reports circulating that there are two candidates for the FDIC board – and neither of them have state bank supervisory experience. If true, I am disappointed.
Regulators take confidentiality seriously. So, when regulators from different states, agencies, or industries need to communicate, how do they do it? As it turns out, regulators spend months (and sometimes years) carefully setting up the infrastructure and processes so that, when the need arises to communicate with one another, they know exactly what can be shared with whom and when