ABA Banking Journal
June 7, 2019

This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news. You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes stories, digital exclusives, the ABA Banking Journal Podcast and more.

Industry News
Greg Carmichael, the chairman and CEO of Fifth Third Bancorp, entered the banking industry as a mid-career technology executive, and that’s shaped his perspective on the challenges facing banks today. On the ABA Banking Journal Podcast, Carmichael discusses his “buy-partner-build” approach to innovation and much more. (ABA Banking Journal)
 
U.S. household wealth rebounded to a record in the first quarter of 2019, as the stock market recovered from a plunge in the prior period, supporting consumers after Federal Reserve interest-rate hikes and trade-war shocks rattled investors late last year. (Bloomberg)
 
Financial technology startups are booming. But with more than 10,000 startups jumping into the boom, how long will it last? (Quartz) 
 
Perspectives from core providers on where the financial customer experience is heading. (ABA Banking Journal)
 
Data Center, Inc. (DCI)
FINASTRA
Different generations require different marketing tactics, but millennials and Gen Zers aren’t as hard to reach as you might think. Just remember to keep things personal, connected, and consistent—and you’ll start building that valuable trust in no time. (ABA Bank Marketing)
 
James Bullard, president of the Federal Reserve Bank of St. Louis, said this week that the central bank may be forced to cut interest rates this year if economic growth slows and inflation remains low. (The Hill)
 
On this episode of the ABA Banking Journal Podcast, Minnesota community bank CEO Bryan Bruns talks about what community banking looks like in his market, his bank’s recent anniversary and his role as a member of the Consumer Financial Protection Bureau’s Community Banker Advisory Board. (ABA Banking Journal)
 
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Policy News
In the clearest terms expressed by any regulator to date, Federal Reserve Vice Chairman for Supervision Randal Quarles emphasized that banks need to begin transitioning away from the London Interbank Offered Rate as a benchmark. (ABA Banking Journal)
 
The FDIC has voted to approve a final interagency rule that would simplify the complex Basel III regulatory capital calculations for all but the very largest banks. (ABA Banking Journal)
 
As House Financial Services Committee members continue preparing a much-anticipated long-term reauthorization of the National Flood Insurance Program, Chairwoman Maxine Waters (D-Calif.) is focusing on affordability of NFIP premiums. (ABA Banking Journal)
 
Computer Services Inc
Cummins Allison
The federal banking agencies have issued a final rule implementing an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio. (ABA Banking Journal)
 
The Congressional Budget Office on Friday released its cost estimate for H.R. 1595, the ABA-backed SAFE Banking Act that would allow banks to serve legitimate cannabis businesses in states that have legalized the drug. (ABA Banking Journal)
 
The Task Force on Climate-Related Disclosures found that 78% of companies it reviewed disclosed at least some climate-related information in 2018, up from 70% two years prior. (ABA Banking Journal)
 
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Training

June 6-13, 2019
Stonier Graduate School of Banking
Philadelphia, PA

June 9-12, 2019
Regulatory Compliance Conference
New Orleans, LA

July 26-29, 2019
CRCM Exam Prep
Chicago, IL

Aug 19-22​, 2019
Risk Management School - Advanced 
Reston, VA 

Aug 19-23​, 2019
Risk Management School - Foundational 
Reston, VA 

 
 

 

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