Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Friday, October 9, 2015

Nichols Emphasizes Industry Unity, Reg Relief on CNBC

Incoming ABA President and CEO Rob Nichols appeared on CNBC’s “Squawk Box” to discuss the importance of regulatory relief for banks and industry unity in confronting challenges to bankers. During the in-studio discussion in New York City, Nichols said:

Our banking sector is the envy of the world, in part because it has community banks, mid-sized banks and large and regional banks and they each play a really important role in our financial ecosystem. We want to improve the policy circumstances for all of these banks.

He emphasized that ABA is currently pursuing fixes to the Dodd-Frank Act to ensure regulations are right-sized for all banks. He said:

There’s regulatory reform to get legislation tailored — to get it right — that we would like to achieve. I've talked to CEOs of banks of all sizes, and there’s definitely an understanding that some of the smaller banks have been caught up in the policy response in a way that they were not intended to.


Nichols also addressed big challenges to the banking industry, including the convergence of banking and technology and the need for a level playing field for bank and nonbank providers of financial products and services, and the growing importance of millennials — who bank in different ways — as a customer base.

Watch the interview.

No comments:

Post a Comment

Please read our comment policy before making a comment.