State financial regulators took action today to protect consumers by ordering cryptocurrency investment platform Abra to cease U.S. operations and return up to $82 million to customers for operating without the required state licensing. “State financial regulators take their role to protect consumers and prevent unlicensed activity seriously,” said CSBS Chair and Washington State Department of Financial Institutions Director Charlie Clark. “Companies that do not operate within the bounds of state laws will be held accountable.” Read more: https://lnkd.in/g_vrzxaG
Conference of State Bank Supervisors (CSBS)
Banking
Washington, District of Columbia 6,107 followers
For more than a century, CSBS has given state supervisors a national forum to coordinate supervision and develop policy.
About us
The Conference of State Bank Supervisors (CSBS) is the nationwide organization of banking regulators from all 50 states, the District of Columbia, American Samoa, Guam, Puerto Rico, and the U.S. Virgin Islands. At the Conference of State Bank Supervisors, we vibe as "One CSBS" and are dedicated to developing a diverse, inclusive, and equitable culture of belonging. We appreciate our employees as they bring various backgrounds and experiences and who model collaboration, teamwork, respect, and trust which generates deeper insights and innovative solutions to better serve our members, employees and communities. The Diversity Council advises and supports employee resource groups and provides learning opportunities, through programs, activities and conversation, to advance emotional intelligence, understanding, empathy, and a deeper appreciation for others and giving each employee the opportunity to contribute their knowledge, skills, experience and perspectives. We currently have the following employee resource groups: Those groups include: • African American Employee Resource Group • Asian American Pacific Islander Employee Resource Group • Pride – LGBTQ Employee Resource Group • Womxn's Interactive Network (WIN)
- Website
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http://www.csbs.org
External link for Conference of State Bank Supervisors (CSBS)
- Industry
- Banking
- Company size
- 51-200 employees
- Headquarters
- Washington, District of Columbia
- Type
- Nonprofit
- Founded
- 1902
- Specialties
- Banking, Supervision, Non-Banks, Financial Regulation, and State Supervision
Locations
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Primary
Get directions
1300 I St NW
Suite 700 East
Washington, District of Columbia 20005, US
Employees at Conference of State Bank Supervisors (CSBS)
Updates
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Thank you California Department of Financial Protection and Innovation and Commissioner Clothilde Hewlett for the warm welcome earlier this week at the CSBS Summer Regulatory Summit! We enjoyed engaging with all of the industry leaders who attended.
On Monday in San Jose, we had the honor of welcoming the Conference of State Bank Supervisors (CSBS) to California for its Summer Regulatory Summit. This was a great opportunity for us to engage with industry leaders on crucial topics shaping our financial landscape. Our Commissioner, Clothilde Hewlett, kicked off the event by greeting attendees and sharing insights into the Department's critically important work. DFPI is committed to protecting consumers and fostering a resilient financial marketplace in California. We’re particularly excited about opportunities to leverage technology for more efficient supervision and enhanced consumer protection that were discussed at the Summit. We’d like to extend our sincere appreciation to Sebastien Monnet and the CSBS team for inviting us to the event. It's inspiring to see so many dedicated professionals gathered to strengthen our state banking regulatory system. Let’s continue to innovate responsibly and promote financial inclusion for all.
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According to the second quarter 2024 CBSI, community bankers are less pessimistic than they have been since the end of 2021, but some concerns persist. CSBS Chief Economist Thomas Siems joins us to talk about the second quarter 2024 CBSI near-neutral sentiment from community bankers and what regulators and compliance experts should take from this quarter’s reading. Listen here: https://lnkd.in/eYpf2_jV
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Conference of State Bank Supervisors (CSBS) reposted this
Tremendous discussion with two CSBS experts — MaryBeth Quist and Brennan Zubrick. They understand how technology can help supervisors access and use data, improve the efficiency and effectiveness of supervision, promote safety and soundness, financial stability, and consumer protection, and reduce compliance burden for institutions. Much more to come from CSBS! Great kickoff for the Summer Regulatory Summit: a welcome address from our host Clothilde Hewlett in the heart of Silicon Valley. And we followed it up with presentations from Konrad Alt on the importance of innovation, particularly for community banks, and Kareem Saleh on how AI will transform financial services. All three of these leaders emphasized the important role of supervision to responsible innovation and financial inclusion.
CSBS President and CEO Brandon Milhorn sat down with CSBS's MaryBeth Quist and Brennan Zubrick yesterday at the CSBS Summer Regulatory Summit to discuss strengthening the state system through regulatory and supervisory technology. The CSBS Summer Regulatory Summit is a great networking event for senior state officials addressing issues in policy, legislation, and bank and non-bank supervisory and regulatory matters.
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At 99, the CBSI remains faintly below the neutral level of 100 but is 26 points higher than its historic low of 73 one year ago. While the community banker sentiment has not been this high since 2021, the most recent survey underscores some ongoing concerns about future business conditions, profitability, and regulatory burden. Read CSBS Chief Economist Thomas Siems’ analysis of the findings in his latest blog post: https://lnkd.in/exPs-agB
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CSBS President and CEO Brandon Milhorn sat down with CSBS's MaryBeth Quist and Brennan Zubrick yesterday at the CSBS Summer Regulatory Summit to discuss strengthening the state system through regulatory and supervisory technology. The CSBS Summer Regulatory Summit is a great networking event for senior state officials addressing issues in policy, legislation, and bank and non-bank supervisory and regulatory matters.
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The second quarter 2024 CSBS Community Bank Sentiment Index (CBSI), released today, ticked up merely 1 point to 99 compared to last quarter’s survey, remaining slightly below the neutral level of 100. “Knowing that monetary policy operates with a lag, the rapid interest rate increases over the past two years are now likely taking more of a toll on consumers and businesses,” said CSBS Chief Economist Thomas Siems. Read more: https://lnkd.in/et7MMKkV
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Conference of State Bank Supervisors (CSBS) reposted this
Congratulations to students Brett McGee, Aaron Randak, Frances Jackson, Matthew McKnight, and Thomas Nitsch! The team of Iowa State University students successfully competed in a nationwide case study competition facilitated by the Conference of State Bank Supervisors (CSBS). Curt Hoff, professor of practice, and Peter Orazem, university professor emeritus, were the team advisors. We're thankful for our partner, Twin Cedars Bank and Rudy Fors, for their time and dedication to the team. “Fors and his story with Twin Cedars Bank brought a lot of energy and optimism to the table," Hoff gratefully stated.
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CSBS Senior Director of Cybersecurity Policy and Supervision Bradford Robinson, MBA, CISE, CEIC sat down with Lewis and Clark Bancorp Executive Chairman and Co-founder Trey Maust last week at the 2024 Central States Bankers Association Conference in Fort Worth, Texas. They had an informative discussion on cybersecurity for banks, an overview of the environment, and ways to address challenges using the Ransomware Self-Assessment Tool (R-SAT).
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As National Homeownership Month ends, homeownership education doesn’t have to stop. The “For Homebuyers” resource page is available year-round on the CSBS website for consumers seeking homebuying resources. #NationalHomeownershipMonth https://lnkd.in/ejGCvCBs
For Homebuyers
csbs.org