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Kansas Bankers Focus on Compliance and Regulation

By: Bill Poquette

Regulatory burden and ways to deal with it were common themes of speakers at the Kansas Bankers Association’s CEO & Senior Management Forum and Annual Meeting at the Broadmoor in Colorado Springs last month.

Key things bank CEOs should know about regulatory risk in 2013 were listed by Lyn Farrell, managing director at Treliant Risk Advisors:

Kansas’ freshman U.S. senator, Jerry Moran, as a member of the Banking Committee hopes to have an effect that will please his banker constituents.

As he sees it, the committee has a lot to do in unwinding parts of the Dodd-Frank Act. “Dodd-Frank wasn’t the end,” in his view. “That’s why I’m on the committee.”

And Moran wants more oversight and accountability applied to the CFPB. It was a mistake, in his opinion, for the Senate to confirm Richard Cordray as permanent director of the agency without changes that have been suggested, such as making it subject to the Congressional appropriations process and governed by a commission or board rather than a single individual.

The American Bankers Association’s vice chairman, John Ickard, advised the KBA members to be aware that some of the CFPB rules are creeping down to community banks. “Regulatory creep is always down,” he said.

Ickard, who is president and CEO of FirstBank Holding Co. in Lakewood, Colo., told the bankers they won a big victory on Basel III by writing to their representatives about the proposed rule’s negative effect on community banks. Members of Congress were moved to talk to the regulators and the result was a less-onerous rule, according to Ickard.

Click here to view photos from this annual meeting.

Bill Poquette is editor-in-chief of BankNews.

Copyright (c) September 2013 by BankNews Media



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