Posted January 25, 2016
A January 21, 2016 news release indicates the Board of Directors of the Federal Deposit Insurance Corporation is seeking comment on an amended proposed rule that would change the way smaller banks’ assessments for deposit insurance is calculated. The revised rule would pertain to banks with less than $10 billion in assets that have been insured by the FDIC for five or more years.
The FDIC has requested comments from bankers and the public on the revised proposal. Feedback will be accepted for 30 days following publication in the Federal Register.
Posted January 5, 2016
This spring, Bankers’ Bank of the West will present a conference on cybersecurity for community banks along two educational tracks—one geared toward community bank executives and board members and the other for bank information technology professionals and security officers. In addition to presentations by regulators, law enforcement experts, educators, and technology/cybersecurity professionals, the program will include two roundtable discussions.
The keynote speaker for the April 27-28 conference in Denver will be Mark Weatherford, SVP and Chief Cybersecurity Strategist at vArmour. Mr. Weatherford has more than 20 years of security operations leadership and executive-level policy experience in some of the largest and most critical organizations in the world. His distinguished background includes a U.S. presidential appointment as the first Deputy Under Secretary for Cybersecurity with the Department of Homeland Security; prior membership on the Center for Strategic and International Studies Cyber Policy Task Force; service as the VP and Chief Security Officer at the North American Electric Reliability Corporation; a gubernatorial appointment to the position of California’s Chief Information Officer; and former service as a U.S. Navy Cryptologic Officer. A Distinguished Fellow at the Poneman Institute, Mr. Weatherford holds a bachelor’s degree from the University of Arizona, a master’s degree from the Naval Postgraduate School, and certification as a Certified Information Systems Security Professional.
Additional program details will be available when finalized. Early registration is recommended, as seating is limited. Click to download program agenda and sign-up information.
As part of its ongoing educational outreach efforts, Bankers’ Bank of the West held two security-focused interactive webinar sessions in September for community banks’ BIDS administrators. Some 60 bankers representing 47 banks participated in the classes, which were led by BBW Vice President–Cash Management Services Mary Brown.
Mary explained, among other things, where to pull reports and information often requested by examiners and auditors; how to assign user access and rights; the process of viewing and updating user permissions; and the use of biometric security. BBW SVP–Operations Debbie Wendt joined both webinar sessions, and together she and Mary Brown responded to additional questions from the participants.
Community bankers who took part in the seminar were later invited to complete a feedback survey. Among those who returned the survey, 89% said the information was valuable to them; the same number replied the session addressed what they had expected to learn. No fee was charged for the webinars, which BBW provides as a value-added service for BIDS customer banks.
The topic for the next round of BIDS webinars—to be scheduled in the fourth quarter—has not yet been chosen. Please email your topic suggestions to email@example.com.
Most community bankers agree that keeping pace with industry and regulatory changes is among the most taxing and time-consuming challenges they face.
Take vendor management, for instance—an increasingly intense area of focus for bank examiners. If your people have already created and activated an effective vendor management plan for your bank, congratulations!
But otherwise…could you use some help?
In November, a professional trainer with the WesPay payments association will hold two webinars on vendor management exclusively for Bankers’ Bank of the West account holders. This is high-quality, job-specific, convenient training your staff won’t need to leave the bank to attend. What’s more, there’s no limit to the number of employees who can participate from a single reserved connection, which lets you maximize your investment.
The courses remaining in the 2015 webinar series (presented by BBW and WesPay) are listed below; click here for content descriptions. Keep in mind that fees for these sessions is priced significantly lower than other programs of similar length.
Monday, October 5 ACH Risk for ODFIs
Thursday, November 5 Vendor Management—Part 1
Tuesday, November 10 Vendor Management—Part 2
Tuesday, December 8 Check Fraud Risk and Mitigation
All classes start at 1 pm Mountain time. To receive pricing information, email your request to firstname.lastname@example.org.