Daily News

September 17, 2012

Federal Issues

California and Florida Bankers Hold Successful Joint Washington, D.C. Visit

The California Bankers Association, led by the association’s volunteer Chairman Mary Curran with Union Bank and President and CEO Rodney Brown, and supported by EVP and Chief Operating Officer Maurine Padden and PAC/GR Administrator Mary Boruff, gathered last week with the Florida Bankers Association, September 11-13, in Washington, D.C.for the annual joint visit.The trip started out on Tuesday with a welcoming dinner and briefing on key federal legislative issues delivered by ABA Chief Operating Officer Mike Hunter, Executive Vice President of Congressional Relations and Political Affairs James Ballentine and Executive Vice President of Legislative Affairs/Chief Counsel Ken Clayton.

On Wednesday, attendees met with a number of congressional leaders including Sen. John Cornyn (R-TX), House Majority Leader Kevin McCarthy (R-CA), Rep. Spencer Bachus (R-AL), Rep. Shelley Moore Capito (R-WV), Rep. Gary Miller (R-CA) and Rep. Debbie Wasserman Schultz (D-FL) .

These meetings were important opportunities to hear updates from key elected officials on both the Senate and House banking committees and subcommittees, and also to discuss issues of concern to the California banking industry including the TAG extension, the two regulatory capital proposals: “Basel III” and the “Standardized Approach”, as well as the ATM placard bill. That evening bankers attended a dinner hosted by Dwight Alexander, VP and director, legislative and regulatory affairs, and Kevin Blackburn, AVP, legislative and regulatory affairs, of the Federal Home Loan Bank of San Francisco.

On Thursday, the CFPB and the FDIC hosted two separate briefings for the bankers. During the CFPB briefing, Deputy Director Raj Date provided an update on recent activities underway at the Bureau, and Acting Chairman Martin Gruenberg, and seven members of his senior staff, led the FDIC briefing which covered a range of topics. During the FDIC briefing, Rod Brown led an extensive discussion on the importance of extending TAG and Alex Sanchez, the FBA’s president and CEO, led the discussion on the adverse impact of Basel III to community banks. In addition to the comment letters that will be prepared by individual California bankers and the association, CBA will also be coordinating a letter for circulation and signature to congressional members highlighting potential adverse impacts of Basel III, which would be sent to the FDIC in advance of the October 22 deadline to comment.

CBA would to thank all of the California joint visit attendees whose participation made it a worthwhile and successful event:

  • Jeff Ball, Friendly Hills Bank
  • Dann Bowman, Chino Commercial Bank
  • Steve Buster, Mechanics Bank
  • Tom Dobyns, Mission Community Bank
  • Joe Eisele, Wells Fargo Bank
  •  Lesa Fynes, Sierra Vista Bank
  • Bob Hughes, Finance and Thrift Company
  • Buddy Ikeda, Bank of the West
  • Bob McGill, Neighborhood National Bank
  • Rick Sanborn, Seacoast Commerce Bank
  • Al Severson, California Bank & Trust
  • Rick Visser, Seacoast Commerce Bank

Membership Issues

2012 CBA Compensation & Benefits Benchmark Survey Now Available

The most useful and beneficial tool to research all forms of compensation is now available. CBA’s Compensation & Benefits Benchmark Survey provides base salary, incentive and commission compensation data for 126 job classifications, as well as directors’ compensation information, human resources practices, comparative healthcare cost information and employee benefits summary statistics. Click here for a copy of the Compensation & Benefits Benchmark Survey order form.
For more information regarding the survey, please visit the CBA website or contact Linda Odell at 916/438-4403 or lodell@calbankers.com.

Compliance Management for the Dodd-Frank Era – Transforming Your Bank’s Compliance Program

The Dodd-Frank Act and the reaction of the federal banking agencies have fundamentally changed the way compliance programs function. For example, the increase in UDAAP (Unfair, Deceptive or Abusive Acts or Practices) enforcement by the federal regulatory agencies has changed the way successful bank compliance programs must be managed. Enforcement is subjective and broadly applied, targeting practices that occur “between the cracks.” While compliance functions are operating from checklists and testing programs that are tied to specific regulations, violations are being cited in operational areas outside of the bank’s scope.

This session explores how compliance management must evolve to meet these types of challenges. Regulatory compliance must move beyond subject matter expertise to acquire more diverse skill sets and better integration with the other areas of the bank-particularly risk management functions. Compliance officers and managers, risk managers, operations managers, internal auditors, credit administrators, bank counsel, and senior bank managers should attend this workshop.

This program will be led by:

  • Kathlyn (Lyn) Farrell, managing director, Treliant Risk Advisors. Kathlyn has worked in regulatory compliance for more than 30 years. Lyn is a licensed attorney and has functioned as in-house counsel and compliance officer to financial institutions. She has been in consulting for the past 15 years and was managing director of risk management services for Sheshunoff Consulting + Solutions.
  • Carl Pry, JD, CRCM, CRP, is a senior director for Treliant Risk Advisors. Carl previoulsy served as a compliance manager for Key Bank. He brings more than 15 years experience through his positions at Kirchman Regulatory Service and Accenture. He has written extensively about compliance, tax, audit and financial institution legal issues and has taught for numerous banking, compliance, state bar associations and financial institutions across the country.

We will be offering this event on Tuesday, November 27 at Hyatt Regency Huntington Beach. For more information/registration please visit the CBA website or contact John Lingvall at 916/438-4428, jlingvall@calbankers.com.

Enterprise Risk Management 2012 – Northern California

Enterprise risk management is central to addressing safety and soundness and key Dodd-Frank requirements. As compliance issues become front and center under the Consumer Financial Protection Bureau, regulators are requiring banks to consider all risks holistically and to maintain a strategic capital plan. This session is intended to provide a one-stop workshop that will cover key aspects of identifying, managing and monitoring risks such as credit, compliance, liquidity, market, operational ALLL and legal risks. This seminar will address best practices for enterprise risk management and pre-examination preparation based on actual experiences in California and national markets.

Chief executive officers, chief credit officers, chief operating officers, chief compliance officers, chief risk officers and managers, chief financial officers, senior managers, bank directors and emerging leaders should attend.

This program will be presented by:

  • Teveia Barnes – commissioner, California Department of Financial Institutions
  • Walter Mix III – director, financial services practice group leader, Berkeley Research Group, LLC (formerly The Secura Group) and former commissioner of the California Department of Financial Institutions
  • David Abshier – principal, Berkeley Research Group, LLC (formerly The Secura Group)
  • Henry Fields – Esq., partner, Morrison & Foerster
  • Nicholas Unkovic – partner, Squire Sanders & Dempsey, LLP
  • Keith Lupton – partner, Ernst & Young
  • Gayle Appelbaum – principal, McLagan (an Aon Hewitt Company)
  • Michael Cohn – director, WolfPac Solutions, Wolf & Company, P.C.

We will offer this event on Thursday, November 15, 2012 at the Westin St. Francis in San Francisco.

For more information or registration, please visit the CBA website or contact Laurie Eaton at 916/438.4433 or leaton@calbankers.com.

CBA Joins Verafin to Host Anti-Financial Crime Virtual Learning Summit

CBA is pleased to present an on demand, anti-financial crime virtual learning summit hosted by Verafin Inc., a leading provider of anti-money laundering (AML) and anti-fraud solutions, and an endorsed CBA strategic partner.

The complimentary summit is a collection of the most popular educational material in Verafin’s thought leadership series.

Here are some features you can expect to find at the virtual summit:

  • Three major themes: anti-money laundering, fraud detection, regulatory & emerging trends
  • Free quality educational webinars, white papers and ebooks
  • On demand from the comfort of your own desk
  • View webinars at the times that are most convenient for you
  • Immediate downloads (slide decks, white papers, ebooks) to view now or later

You will also be able to advance your learning about:

  • Constantly evolving schemes of today’s financial criminal
  • Industry expert viewpoints on emerging trends
  • Best practices to help protect your financial institution

Please click here to view all summit offerings.

Please feel free to share this opportunity with your colleagues as this comprehensive summit has something for everyone.

Verafin helps financial institutions manage compliance, reputational, and other risks associated with fraud and money laundering. It provides a fully integrated suite of AML and anti-fraud functions, including automated risk scoring, suspicious activity detection, watch list scanning, case management, compliance reporting and record keeping and vendor management.

For more information, please contact Stephen Clark, SVP, strategic partners, directly at 916/438-4448 or sclark@calbankers.com.

Complimentary Webinar Hosted by Equias Alliance to Focus on BOLI

CBA would like to invite you to participate in a complimentary webinar offered by Equias Alliance, an endorsed CBA strategic partner.

The webinar, Executive Benefit Plans and Bank-Owned Life Insurance (BOLI ) in the New Regulatory Environment, will be held Tuesday, September 26 from 11 a.m. to 12 p.m. Pacific Time.

As a result of recent legislative changes and regulatory proposals, many community bankers have expressed interest in knowing more about the possible impact of these changes on their bank director and executive benefit plans, as well as their BOLI program. This presentation will describe the most common director and executive benefit plans in use today and how they may be affected by recent regulatory changes such as Basel III.

Webinar attendees will gain a better understanding of:

  • The most common director and common executive benefit plans in use today
  • How those benefit plans may be impacted by pending Basel III proposals
  • Whether the Affordable Care Act will have any financial impact on BOLI carriers
  • Whether Basel III will impact bank BOLI programs and, particularly, General Account holdings
  • How the risk assessment process will change

To register, please click here and select “register” at the bottom of the page to access the registration form. Once you have entered your information, please click “submit.” Once the host approves your registration, you will receive a confirmation email message with instructions on how to join the event.

Equias Alliance, LLC, is a team of the most experienced consultants and technical support associates of the former Clark Consulting firm focused in BOLI and executive/director benefit consulting services.

For more information, please contact Stephen Clark, SVP, strategic partners, directly at 916/438-4448 or sclark@calbankers.com.

New Educational Videos Answer Common Questions About Electronic Federal Benefit Payments

Everyone who receives Social Security, Supplemental Security Income or other federal benefit payments by paper check is required by the U.S. Department of the Treasury to switch to an electronic payment option by March 1, 2013.

A new public service announcement, five educational videos and print materials are now available to help you assist the people you serve with common questions about the requirement and getting payments electronically. Videos feature actual customer service agents from the U.S. Treasury Electronic Payment Solution Center and answer the following questions:

  • Why is the U.S. Treasury requiring electronic federal benefit payments?
  • How will I know my money has been deposited?
  • How does direct deposit work?
  • Are electronic payments safe?
  • How does the Direct Express® card work?

You can view the PSA and educational videos on GoDirect.org or by visiting its YouTube channel. Print materials can be downloaded from the Educational Videos and Fliers toolkit on www.GoDirect.org.

To order a looped DVD of the videos, contact a Go Direct campaign representative by emailing GoDirect@webershandwick.com or calling 952/346-6055.

Spread the Word
There are only six short months left to ensure the people you serve know about this new requirement and help them make the switch to one of the two Treasury-recommended electronic payment options: direct deposit to a checking or savings account or the Direct Express® Debit MasterCard® card.

It’s fast, easy and free for people to make the switch online at www.GoDirect.org or by calling the U.S. Treasury Electronic Solution Center at 800/ 333-1795. For direct deposit, people also can sign up at their bank or credit union.

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