"This is one time where television really fails to capture the true excitement of a large squirrel predicting the weather."
- Phil, Groundhog Day (1993)
Yellen Era Praised by State Regulators
A statement from John Ryan, president and chief executive officer of the Conference of State Bank Supervisors (CSBS):
“All of America owes a deep sense of gratitude to Janet Yellen and the leadership she demonstrated as Chair of the Federal Reserve Board. In the critical post-crisis years, she helped stabilize the U.S. economy and strengthen the financial system.”
“At the state level, her leadership was especially meaningful. She set a priority to make community banks a more vital part of the financial system, and to strengthen ties with state regulators. Under her leadership, the Federal Reserve undertook an effort to better tailor regulation and supervision for community banks that do not pose systemic risks.
"And with her personal participation, the Federal Reserve co-sponsored with CSBS annual research conferences on community banking. Through these conferences, numerous regulators, academics and thought leaders developed research that informed new policies at both the regulatory and legislative levels. Just this past October, Chair Yellen delivered remarks at the conference that discussed the Fed’s work.
“On behalf of all state regulators, CSBS thanks Chair Yellen for her leadership.”
CSBS Offering Capital Markets Examiner School
CSBS now offers a course designed to enhance examiner knowledge of capital markets and improve examination skills.
CSBS will be hosting the Capital Markets Examiner School on May 7-11 in San Diego California. The School is designed to provide attendees an intermediate level course utilizing both instructor lectures and in-depth group discussions. Attendees will explore the technical and practical application of risk identification for community banks, mid-sized banks, and large banking organizations.
"I gained a clear understanding of bank strategies in the formation of balance sheet structure, approaches bank’s will take to mitigate risk, and the importance of size and complexity when evaluating an institution," said Alex Dinges, bank examinations specialist for the Alabama Banking Department.
"The course effectively explained the importance of SWAPS/Derivatives and balance sheet hedging in a clear and concise manner. The case studies allowed me to take a deeper dive into bank strategies and get away from just relying on ratios. The course is also very interactive, as instructors stray away from a lecture approach and offer open discussions about real life situations. I would recommend this course to anyone who has been an EIC and is looking for a better understanding of capital markets and the importance of balance sheet structure."
Topics will include balance sheet structure, yield curve analysis, the investment portfolio, liquidity, and interest rate risk, with discussions of relevant regulatory guidance, risk management practices and specific practical examples.
More information is available at csbs.org.
Dana Barbieri Joins CSBS as Vice President, Legislative Policy
CSBS announced Dana Barbieri has joined CSBS as vice president for legislative policy effective January 16. CSBS is the national organization of state bank regulators that supervise roughly three-quarters of all U.S. banks and a variety of non-depository financial services.
Dana will lead CSBS’s engagement with Congress to help shape public policy priorities, which include tailoring regulations for community banks and enhancing coordination between state and federal regulators.
“I am pleased to bring Dana to CSBS where she will play a major role in promoting common-sense regulation for community banks, the state bank supervisory system, and state regulators nationwide,” said CSBS President and CEO John W. Ryan.
Dana brings a wealth of financial services and public policy experience and expertise to CSBS. Most recently, Dana worked on banking issues at the U.S. Senate Republican Policy Committee, under Chairman John Barrasso of Wyoming. Prior to her role on the Republican Policy Committee, Dana worked for then-Senator Kay Bailey Hutchison of Texas, who served on the Senate Banking Committee. Dana was the senator’s point person during Congress’s work on the Dodd-Frank Act and the JOBS Act. Dana was also associate assistant secretary for policy at the U.S. Department of Labor and worked with membership organizations including the National Federation of Independent Businesses and the US Chamber of Commerce.
Dana will report to Margaret Liu, senior vice president and deputy legal counsel.