Student teams used PPP data to show community bank role in pandemic Washington, DC - A team of students from William & Mary has won the CSBS 2022 Data Analytics Competition, CSBS announced today. This year’s competition challenged students to develop a data analytics model that demonstrates the role community banks played during the pandemic using data from the Paycheck Protection Program (PPP). “We have all been extremely impressed
Washington, D.C. – New technology is not just rapidly transforming financial services, it also is creating the state financial system of the future, according to Conference of State Bank Supervisors’ Chair Melanie Hall, who testified today before the House Financial Services Committee Artificial Intelligence Task Force. “Technology has been an important part of the state system’s evolution and will continue to
TESTIMONY OF MELANIE HALL COMMISSIONER MONTANA DIVISION OF BANKING AND FINANCIAL INSTITUTIONS ON BEHALF OF THE CONFERENCE OF STATE BANK SUPERVISORS TO THE HOUSE FINANCIAL SERVICES COMMITTEE ARTIFICIAL INTELLIGENCE TASK FORCE OF THE U.S. HOUSE COMMITTEE ON FINANCIAL SERVICES HEARING ON “KEEPING UP WITH THE CODES – USING AI FOR EFFECTIVE REGTECH” MAY 13, 2022 Introduction Thank you, Chairman Foster
Statement from John Ryan, CSBS president and CEO, on Money Services Businesses Trade Associations Best Practices for AML/CFT Compliance Programs: “As banking regulators, CSBS’s members are committed to ensuring banks know and understand the MSBs with which they transact, including the supervisory structures designed to authorize and regulate the industry and make decisions based on the individual risk profile of
It is with great sadness that we announce that John W. Ryan, President and Chief Executive Officer of CSBS, died unexpectedly late yesterday in Washington, D.C. “On behalf of the CSBS Board of Directors, executive team, staff and membership, we extend our deepest sympathies to John’s family and everyone who knew and worked with John over his more than 30-year
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced the election of Director of the Indiana Department of Financial Institutions Tom Fite as the new chair of the Board of Directors. “The annual meeting was long scheduled. As we mourn the loss of long time CSBS President and CEO John Ryan, who died suddenly of natural causes
If you are interested in sending condolences to John's husband Tom or to John's family, more information is available here. We are profoundly saddened by the loss of our leader and friend, CSBS President and CEO John W. Ryan, who died unexpectedly of natural causes on May 16. John was a steadfast advocate of the state financial system who combined
Washington, D.C. – In letters sent to both the House and Senate today, Conference of State Bank Supervisors Acting President & CEO James M. Cooper urged Members of Congress to provide marijuana businesses with access to financial services by retaining the Secure and Fair Enforcement (SAFE) Banking Act in the final conference report of the America COMPETES Act. “By granting