Washington, D.C.— State financial regulators released an updated cybersecurity examination tool for nonbank financial company supervision during the ongoing Nationwide Multistate Licensing System (NMLS) Annual Conference. The tool is designed for state regulator use in examinations, and companies are encouraged to use it to assess their cybersecurity health between examinations
Washington, D.C. – The federal banking agencies’ capital proposal is misguided and unjustified, the Conference of State Bank Supervisors (CSBS) said in comments filed today. Without significant changes, state regulators are concerned that the proposal could disrupt the United States economy. After a decade of reform, the banking system has
Washington, D.C. – Six student teams from across the nation have advanced to the second round of the 2023 Data Analytics Competition, the Conference of State Bank Supervisors announced today. The annual competition this year required students to develop a data analytics model that examines the potential impact on banks
State regulators believe this framework has been effective in protecting consumers. The proposed amendments to the Safeguards Rule would bolster the consumer protections ensured by the rule and would not prevent states from imposing stricter requirements.
The banking industry continued to exhibit signs of greater liquidity stress through the third quarter of 2016. However, the type of liquidity risks faced by banks seems to differ based on their size and business model. For instance, while small banks are showing signs of tighter on-balance sheet liquidity, larger banks (particularly thrift institutions) are showing an increased dependence on
Jim Payne, director of examinations and assistant deputy commissioner for the Consumer and Mortgage Lending Division of the Kansas Office of the State Bank Commissioner, will serve as the new NMLS ombudsman starting July 1.
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
State regulators stated their support of the federal banking agencies’ proposed modernization of the Community Reinvestment Act (CRA) but asked for further clarity in a comment letter submitted by the Conference of State Bank Supervisors (CSBS) today. CSBS commended the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation for issuing uniform and
Link to video of Chair Powell's pre-recorded remarks: https://youtu.be/s-cKJhfLo2Y Good morning, and welcome to the 10th annual Community Banking Research Conference. I have attended this conference twice before, including the first one back in 2013, and I can attest to the quality of the research and discussions. While I am