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CSBS_Presentation_Todd_Berry

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T Berry
T Berry

Todd Berry gave a presentation on the oversight and examination of financial institutions by the Conference of State Bank Supervisors (CSBS). CSBS represents state banking regulators and ensures compliance of state-chartered banks. It develops regulatory policy, provides training to examiners, and maintains automated examination tools used by state regulators. CSBS also partners with federal agencies like the CFPB and FinCEN and advocates for the dual banking system of state and national bank charters.

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Oversight and Examination of Financial Institutions Todd Berry, EdD Senior Director Conference of State Bank Supervisors
Agenda ? Introduction ? History of CSBS ? Role of CSBS ? Supervisory and Regulatory Responsibilities ? Automated Examination Tools ? Regulatory Partnerships ? Closing ? Questions
Introduction ? 20 years of experience ? 18 years of consulting experience across industries ¨C Finance and banking (US and Germany) ¨C Government (US and UK) ¨C Education (Universities and Public School Systems) ¨C Manufacturing ¨C Non-profit ¨C Technology ? Undergrad in Computer Science, German, Economics ? Grad in Technology Management and Organizational Leadership
History of CSBS ? Founded in 1902 ? Non profit member driven organization ? Only national organization dedicated to protecting and advancing the nation¡¯s dual-banking system
What is a ¡°Dual-Banking System¡±? ? State banks and national banks are chartered and supervised at different levels ? National banks are chartered and regulated under federal laws and standards and by a federal agency ¨C Citibank ¨C Bank of America ¨C JP Morgan Chase ? State banks are chartered and regulated under state laws and standards and supervised by a state regulator ¨C BlueRidge Bank ¨C CFG Community Bank ¨C Chesapeake Bank and Trust Co.
Role of CSBS ? Advocate for the state banking system ? Provide the state perspective on federal regulatory policy proposals ? Facilitate state representation on the Federal Financial Institutions Examination Council (FFIEC) ? Represent state banking agencies¡¯ needs and perspectives on technology issues such as the development of automated examination tools ? Serve as a critical conduit between state supervisors and the federal government during national emergencies
CSBS District Map
Supervisory and Regulatory Responsibilities ? CSBS provides supervisory and regulatory assistance to state regulators ¨C State regulators supervise ~5,000 state-chartered financial institutions ¨C Over $4.9 trillion in combined assets ¨C Most state banking departments oversee mortgage providers and other financial service providers ¨C State regulators license over 16,000 mortgage companies with over 100,000 MLO¡¯s
Policy Development and Advocacy ? Staff develops policy proposals and position papers ¨C Public comment period of 30 ¨C 60 days ¨C Presented to state representatives in Congress ? Often invited to Capitol Hill to discuss issues such as ¨C Dodd-Frank Act ¨C Community Banking ¨C Consumer Protection ¨C Effective Supervision and Regulation
Professional Development ? CSBS offers a wide array of training from Advanced Commercial Credit Analysis to Fraud Identification Training ? Courses can be on-line or in person ? Courses are available for continuing education, new skills development, and executive education ? Schools include Credit Evaluation School, Examiner-in- Charge School, Problem Bank School, and Trust Examiner School
Examination and Certification ? Examiner Certification Program ¨C 18 designations ¨C Open to all state bank examiners ? State Banking Department Accreditation Program ¨C Voluntary and is not required for CSBS membership ¨C Comprehensive review of critical elements of a banking department¡¯s processes ¨C Investigates administration and finances, personnel policies and practices, training programs, examination policies and practices, etc.
Automated Examination Tools ? General Examination System (GENESYS) ¨C Developed in 1999 ¨C One major update in 2005 ? Automated Loan Tool (ALERT) ¨C Developed in 1996 ¨C Mostly unchanged ? Examination Tools Suite ¨C Developed in 2010 ¨C Incorporates the two tools above ¨C Updated quarterly (technical and functional) ¨C Added additional functionality for examination management
Regulatory Partnerships
Consumer Financial Protection Bureau ? Independent agency, housed within the Fed ? Led by a Director, appointed by the President, and confirmed by the Senate ? Funded by the Fed ? No authority to impose assessments or regulatory fees ? Formally established on July 21, 2011by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 http://www.consumerfinance.gov
Financial Crimes Enforcement Network ? Independent agency, housed within the US Department of the Treasury ? Reports to the Treasury Under Secretary for Terrorism and Financial Intelligence ? Receives and maintains financial transaction data from various sources ? Analyzes and disseminates data for law enforcement purposes. http://www.fincen.gov
Financial Industry Regulatory Authority ? Independent, non-profit organization authorized by Congress ? Protects America¡¯s investors by ensuring integrity in the securities industry ? Deter misconduct by enforcing the rules ? Discipline those who break the rules ? Detect and prevent wrongdoing in the U.S. Markets ? Educate and inform investors ? Resolve securities disputes http://www.finra.org
Federal Financial Institutions Examination Council ? Interagency body that prescribes uniform principles, standards, and report forms for the federal examination of financial institutions ? Backed by the Board of Governors of the Federal Reserve System, the FDIC, the NCUA, the Office of the Comptroller of the Currency, and the CFPB. http://www.ffiec.gov
Closing ? Non-profit, member driven organization (not a government agency) ? Strong advocate for protecting and advancing the nation¡¯s dual-banking system ? Maintains strong partnerships with industry regulators ? Provides regulatory and supervisory services to state banks and state regulators
Questions лл Thank you! Todd Berry, EdD todd.berry@novaturient.com http://www.linkedin.com/in/toddgberry

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CSBS_Presentation_Todd_Berry

  • 1. Oversight and Examination of Financial Institutions Todd Berry, EdD Senior Director Conference of State Bank Supervisors
  • 2. Agenda ? Introduction ? History of CSBS ? Role of CSBS ? Supervisory and Regulatory Responsibilities ? Automated Examination Tools ? Regulatory Partnerships ? Closing ? Questions
  • 3. Introduction ? 20 years of experience ? 18 years of consulting experience across industries ¨C Finance and banking (US and Germany) ¨C Government (US and UK) ¨C Education (Universities and Public School Systems) ¨C Manufacturing ¨C Non-profit ¨C Technology ? Undergrad in Computer Science, German, Economics ? Grad in Technology Management and Organizational Leadership
  • 4. History of CSBS ? Founded in 1902 ? Non profit member driven organization ? Only national organization dedicated to protecting and advancing the nation¡¯s dual-banking system
  • 5. What is a ¡°Dual-Banking System¡±? ? State banks and national banks are chartered and supervised at different levels ? National banks are chartered and regulated under federal laws and standards and by a federal agency ¨C Citibank ¨C Bank of America ¨C JP Morgan Chase ? State banks are chartered and regulated under state laws and standards and supervised by a state regulator ¨C BlueRidge Bank ¨C CFG Community Bank ¨C Chesapeake Bank and Trust Co.
  • 6. Role of CSBS ? Advocate for the state banking system ? Provide the state perspective on federal regulatory policy proposals ? Facilitate state representation on the Federal Financial Institutions Examination Council (FFIEC) ? Represent state banking agencies¡¯ needs and perspectives on technology issues such as the development of automated examination tools ? Serve as a critical conduit between state supervisors and the federal government during national emergencies
  • 8. Supervisory and Regulatory Responsibilities ? CSBS provides supervisory and regulatory assistance to state regulators ¨C State regulators supervise ~5,000 state-chartered financial institutions ¨C Over $4.9 trillion in combined assets ¨C Most state banking departments oversee mortgage providers and other financial service providers ¨C State regulators license over 16,000 mortgage companies with over 100,000 MLO¡¯s
  • 9. Policy Development and Advocacy ? Staff develops policy proposals and position papers ¨C Public comment period of 30 ¨C 60 days ¨C Presented to state representatives in Congress ? Often invited to Capitol Hill to discuss issues such as ¨C Dodd-Frank Act ¨C Community Banking ¨C Consumer Protection ¨C Effective Supervision and Regulation
  • 10. Professional Development ? CSBS offers a wide array of training from Advanced Commercial Credit Analysis to Fraud Identification Training ? Courses can be on-line or in person ? Courses are available for continuing education, new skills development, and executive education ? Schools include Credit Evaluation School, Examiner-in- Charge School, Problem Bank School, and Trust Examiner School
  • 11. Examination and Certification ? Examiner Certification Program ¨C 18 designations ¨C Open to all state bank examiners ? State Banking Department Accreditation Program ¨C Voluntary and is not required for CSBS membership ¨C Comprehensive review of critical elements of a banking department¡¯s processes ¨C Investigates administration and finances, personnel policies and practices, training programs, examination policies and practices, etc.
  • 12. Automated Examination Tools ? General Examination System (GENESYS) ¨C Developed in 1999 ¨C One major update in 2005 ? Automated Loan Tool (ALERT) ¨C Developed in 1996 ¨C Mostly unchanged ? Examination Tools Suite ¨C Developed in 2010 ¨C Incorporates the two tools above ¨C Updated quarterly (technical and functional) ¨C Added additional functionality for examination management
  • 14. Consumer Financial Protection Bureau ? Independent agency, housed within the Fed ? Led by a Director, appointed by the President, and confirmed by the Senate ? Funded by the Fed ? No authority to impose assessments or regulatory fees ? Formally established on July 21, 2011by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 http://www.consumerfinance.gov
  • 15. Financial Crimes Enforcement Network ? Independent agency, housed within the US Department of the Treasury ? Reports to the Treasury Under Secretary for Terrorism and Financial Intelligence ? Receives and maintains financial transaction data from various sources ? Analyzes and disseminates data for law enforcement purposes. http://www.fincen.gov
  • 16. Financial Industry Regulatory Authority ? Independent, non-profit organization authorized by Congress ? Protects America¡¯s investors by ensuring integrity in the securities industry ? Deter misconduct by enforcing the rules ? Discipline those who break the rules ? Detect and prevent wrongdoing in the U.S. Markets ? Educate and inform investors ? Resolve securities disputes http://www.finra.org
  • 17. Federal Financial Institutions Examination Council ? Interagency body that prescribes uniform principles, standards, and report forms for the federal examination of financial institutions ? Backed by the Board of Governors of the Federal Reserve System, the FDIC, the NCUA, the Office of the Comptroller of the Currency, and the CFPB. http://www.ffiec.gov
  • 18. Closing ? Non-profit, member driven organization (not a government agency) ? Strong advocate for protecting and advancing the nation¡¯s dual-banking system ? Maintains strong partnerships with industry regulators ? Provides regulatory and supervisory services to state banks and state regulators
  • 19. Questions лл Thank you! Todd Berry, EdD todd.berry@novaturient.com http://www.linkedin.com/in/toddgberry

Editor's Notes

  • #18: NCUA = National Credit Union Administration