CBA Hosts DFI Roundtable in Los Angeles
Last Thursday in Los Angeles, CBA hosted a DFI Roundtable meeting with nearly 20 bankers participating in the two-hour program that featured dialogue about prominent industry issues, and presentations from DFI staff on trends in regulatory examination findings and a banking industry perspective. CBA President and CEO, Rod Brown, CBA EVP and COO Maurine Padden and Commissioner Teveia Barnes were joined by members of her senior staff including Scott Cameron, chief examiner; and three deputy commissioners, Debie Abella, John Ross and Cathy Nahnsen-Robinson.
Following the DFI presentations, robust discussion was had regarding meeting expectations on BSA/AML/OFAC, the recent qualified mortgage rule issued by CFPB, BASEL III, credit union competition for commercial real estate loans and Dodd-Frank implementation on derivative measurements. DFI officials also briefed participants on the results of the DFI Community Bank Survey, which was requested by the Conference of State Bank Supervisors. The two survey topics discussed included the single greatest challenge and single most significant opportunity at a national level that could impact the bank business model, and the issue of how important product diversification is to the viability of the community bank business model. Commissioner Barnes also encouraged banks to continue to have open lines of communication with the DFI regarding any questions or concerns.