The FDIC should rescind its brokered deposits proposal, CSBS said in a comment letter today. The proposal would needlessly disrupt an important source of bank funding and cause other complications with no clear justification. “The brokered deposits proposal fails to meet the rigorous, fact-based, and data-driven rulemaking standard stakeholders deserve,” said CSBS President and CEO Brandon Milhorn. “This proposal takes
The CSBS Networked Supervision Champions program recognizes state agency staff who are going above and beyond to empower the multistate network for better financial supervision and industry compliance. Congratulations Mark Hastie! State financial regulators are focused on implementing consistent standards and practices across the state system to streamline the regulation of nonbank financial companies operating in multiple states. Minnesota is
The Professional Development Division provides cutting edge training for today's fast-paced financial industry. We offer a wide range of programs to fit your training needs. Our on-site programs include pre-course study materials utilizing the latest Web-Based multimedia technology.
Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators issued a statement today to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation. Older adults who experience financial exploitation can lose their life savings and financial security and face other harm. A FinCEN
Download the Full Comment Letter [PDF] Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW Washington, DC 20551 Docket No. OP–1838 Re: Request for Information and Comment on Operational Aspects of Federal Reserve Bank Extensions of Discount Window and Intraday Credit Dear Ms. Misback, The Conference of State Bank Supervisors 1
I’d like to thank Secretary Yellen for her leadership on this Council, and to my fellow regulators for another productive and collaborative year working to protect the American people, the institutions we regulate, and the global financial system from new and emerging risks. I’d also like to thank the Treasury staff and detailees for putting together this year’s Annual Report
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced the appointment of Bo Berlas as its new Chief Information Security Officer (CISO). With over 20 years of leadership experience in cybersecurity, Berlas will oversee CSBS’s information security strategy, ensuring the protection of its digital assets, fostering a strong security culture within CSBS, and building a technology platform
Congratulations to the student team from the Commonwealth University of Pennsylvania for winning the 2024 CSBS Community Bank Case Study Competition! Competing against 27 other teams, the students analyzed First Citizens Community Bank in Mansfield, Pa., focusing on lessons learned from the 2023 bank closures, anticipated regulatory and supervisory changes, and the role of social media. Each year, CSBS hosts
A multi-year effort to enhance NMLS and deliver an improved user experience for state regulators and industry professionals – those who rely on NMLS the most.