Purpose Five federal financial institution regulatory agencies, 1 in conjunction with the state bank and state credit union regulators, (collectively, agencies) are jointly issuing this statement to emphasize the expectation that supervised institutions with LIBOR exposure continue to progress toward an orderly transition away from LIBOR. Additionally, this statement includes clarification regarding new LIBOR contracts, considerations when assessing appropriateness of
Statement from CSBS President and CEO Brandon Milhorn: “Many of the proposals for federal regulatory consolidation being discussed in the media have been debated — and rejected — in the past. We encourage the Administration and Congress to avoid drastic restructuring of the federal banking agencies and instead focus on real and meaningful supervisory reforms that would energize our nation’s
The Federal Financial Institutions Examination Council (FFIEC) today announced the appointment of Yolanda Ford to the FFIEC’s State Liaison Committee (SLC). Ford was designated by the National Association of State Credit Union Supervisors (NASCUS) to complete the remainder of the two-year term left vacant by the early departure of Senior Deputy Commissioner Stephen Pleger. Ford’s partial term on the SLC
The Honorable Jeb Hensarling Chairman House Committee on Financial Services United States House of Representatives Washington, DC 20515 Dear Chairman Hensarling: On behalf of the Conference of State Bank Supervisors (CSBS), 1 I am writing to express state regulators’ opposition to provisions in Section 7 of the “Federal Reserve Reform Act of 2018” (H.R. 6741) that would impose a tax
Washington, D.C.- The Conference of State Bank Supervisors (CSBS) has named David Bleicken as its new senior vice president of product and business strategy. Bleicken will be responsible for advancing the strategic vision for a portfolio of regulatory technology products — most notably the State Examination System (SES), a core component of the Nationwide Multistate Licensing System® (NMLS) — to
The Federal Financial Institutions Examination Council (FFIEC) today announced the appointments of Katherine M.R. Bosken, Polly Klyce Pennoyer, and Aaron Luetzow to the State Liaison Committee (SLC). Their two-year terms on the SLC begin today and continue through March 31, 2027. Katherine M.R. Bosken was designated by the American Council of State Savings Supervisors (ACSSS) to serve on the SLC
The Federal Financial Institutions Examination Council (FFIEC) today announced the appointment of Susannah Marshall to the FFIEC’s State Liaison Committee (SLC). Marshall was designated by the Conference of State Bank Supervisors (CSBS) to serve on the SLC for a two-year term that begins today and continues through March 31, 2023. Marshall has served as Commissioner of the Arkansas Bank Department
The Federal Financial Institutions Examination Council (FFIEC) today announced the reappointments of Kevin Allard, Yolanda Ford, and Susannah Marshall to the FFIEC’s State Liaison Committee (SLC). Kevin Allard was first appointed by the American Council of State Savings Supervisors (ACSSS) to the SLC in December 2020 to complete the remainder of the two-year term left vacant by the early departure
The Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee (SLC) today announced the re-election of Charles G. Cooper as SLC Chairman. The SLC Chairman’s one-year term runs from May 1 until April 30 of the following year. The SLC can re-elect the Chairman for additional terms. Cooper has been a member of the SLC and served as its Chairman