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Serving The Needs Of Washington Bankers Since 1889 WASHINGTONUPDATE Frank Keating, President & CEO, American Bankers Association Fighting for Examination Relief We’re urging bankers to write their representatives and ask them to co-sponsor the bipartisan examination relief bill introduced by House Financial Services Financial Institutions Subcommittee Chairman Shelley Moore Capito (R-W.Va.) and Ranking Member Carolyn Maloney (D-N.Y.) The Financial Institutions Examination Fairness and Reform Act (H.R. 3461) would take a major step toward a more balanced and transparent approach regarding how, and on what basis, decisions are made by the regulatory agencies in the examination process. The bill would also address some examiner decisions that have effectively and unnecessarily reduced the amount of capital available for increased lending — particularly to small businesses ABA worked closely with bankers and the Washington Bankers Association in raising issues that the Capito-Maloney bill would resolve as well as offering recommendations. You’ve told us that the reasons for certain decisions regulators make during the examination process have not been clear. You’ve also reported that some examiner decisions have effectively and unnecessarily reduced the amount of capital available for increased lending — particularly to small businesses. This hurts your banks’ abilities to help local businesses grow and create jobs. The Capito-Maloney bill would address these concerns by requiring, among other things, more timely examination reports; more information about the facts the agency relied upon to make its exam decisions; and more precise, consistent and understandable classification standards for commercial loans. The legislation also would create a new, independent inter-agency ombudsman within the Federal Financial Institutions Examination Council to ensure the consistency and quality of all exams, and it would institute an expedited process for banks to appeal examination decisions without fear of reprisal. Working together, bankers, state associations and ABA have identified the problems and recommended a workable, practical solution. This is how we do things. We focus on legislation that is passable, is backed by solid, credible arguments, and will make a real difference for the industry. The Capito-Maloney bill certainly meets those tests. Now, we have to fight for it. (Feels good to be fighting for something, doesn’t it) Write to your representatives (click on the “Action Alert” icon on ABA’s home page at www.aba.com) and urge them to co-sponsor the bill. And don’t forget to join us in Washington for ABA’s GR Summit March 19- 21, where we will continue to advance our industry’s advocacy goals and priorities. E-mail Frank Keating at fkeating@aba.com Annual Bankers Convention Save the date to join us in June in Coeur d’ Alene Mark your calendars to attend the 2012 Annual Bankers Convention presented by the Washington Bankers Association and Washington Financial League. Taking place June 28-30 at the Coeur d’Alene Resort, this signature industry event is an opportunity for you to: • connect with colleagues • get timely information about state and federal issues that affect you and your bank • hear from national and regional industry experts Management teams, boards of directors, and promising up-and-coming bankers are encouraged to attend. Spouses and families are also welcome. Look for special pre-and post-event room rates for travel extensions. Book your room by March 31 and be entered into a drawing for a free night stay. Call the Resort at (800) 688-5253 and ask for the WBA/WFL Room Block. For more information, and to suggest topic ideas and speaker suggestions visit www.wabankers.com. www.wabankers.com 6
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