Simply Stated - All Things Finance - Conference of State Bank Supervisors (CSBS)

Latest Episodes:

States of the Economy - June 2021 Jun 10, 2021

Show notes

"States of the Economy" is a monthly look at the economic picture across the country. In our discussion, CSBS Senior Economist Tom Siems focuses on how the national economic picture impacts local communities and what state regulators are looking out for.

Why the Financial System Needs Appraisers May 18, 2021

Show notes

Guests:
Jim Park, Executive Director, Appraisal Subcommittee
Greg Gonzales, Commissioner, Tennessee Department of Financial Institutions
Today, we discuss what appraisers do, why they matter, what it takes to become an appraiser and the challenges and opportunities facing the industry today.

States of the Economy - May 2021 May 11, 2021

Show notes

What is SolarWinds? Why Does it Matter? May 05, 2021

Show notes

Guest: CSBS Senior Director of IT Security Engineering & Operations Charles Hill
Today, we speak with Charles about SolarWinds to learn what it is, what happened with the company and the far-reaching consequences of this cybersecurity breach.

Community Bankers Speak on the Economy - Q1 2021 Apr 06, 2021

Show notes

At the end of each quarter, CSBS also includes feedback and data from community bankers who completed the Community Bank Sentiment Index (CBSI) for the quarter.

Updates in the Fight Against Money Laundering Mar 29, 2021

Show notes

One of the key responsibilities of state and federal regulators is to help maintain the public’s trust in the nation’s financial system. One of the key ways they go about maintaining this trust is by preventing bad actors and illicit funds from using banks and financial companies to move money.

But here’s the thing about bad actors; just because there’s a law on the books and a cop on the beat doesn't means they stop trying. As laws get implemented and regulators monitor the system, financial criminals come up with new and creative methods to avoid detection.

So regulators need to be nimble and adaptive. And, every so often, they need Congress to pass laws to give them more tools and methods to do their job right.

Today, we talk about a law Congress recently passed to help fight financial crime. And we focus specifically on how a few simple changes are helping state regulators, federal regulators and banks team up to protect the financial system.

What is Ransomware? Mar 15, 2021

Show notes

In this week's episode, we talk with CSBS's CISO Todd Scharf and learn about how ransomware can impact consumers and employees. We also cover common red flags and how consumers can protect themselves from ransomware attacks.

States of the Economy - March 2021 Mar 10, 2021

Show notes

Networked Supervision Feb 23, 2021

Show notes

How consumers borrow, invest, store, and send money is changing more rapidly than ever before, and the pace of that change is only set to accelerate.

State regulators have always been responsive to changes in the industry, responding to innovations in banking in finance for over 100 years.

But the changes affecting financial services in the past several years are different. Companies and transactions are becoming faster, more complex, and more interconnected than ever before.

So, state regulators adopted a more dynamic and collaborative approach to supervision they call “Networked Supervision.” Networked Supervision is designed to not just respond to changes in the industry, but to proactively improve supervisory tools before they are needed.

Today, I talk to the head of CSBS, the organization tasked with helping states stay ahead of the curve. We discuss what states have been doing the last few years to meet the needs of a changing industry, what companies and consumers can expect out of their regulator in the coming year, and how supervisors are changing their approach to tech to work harder, better, faster, stronger.

States of the Economy with Tom Siems Feb 10, 2021

Show notes