21 Hoosier Banker April 2016 American Bankers Mutual Insurance Ltd. Distributes $1.1 Million to ABA-Member Banks American Bankers Mutual Insurance Ltd. (ABMI), the reinsurer for the directors & officers and bond insurance program endorsed by the American Bankers Association and the Indiana Bankers Association, is distributing $1.1 million to be shared by qualified ABA-member banks insured through ABA Insurance Services Inc. A total of 22 Indiana banks will share over $20,000. This declaration marks the 26th consecutive year that the professional liability insurance provider has declared distributions to eligible ABA-member banks, bringing the total to $81.2 million in distributions since the program’s inception ‒ over $2.1 million of which has been shared with Indiana banks. Banks that purchase their D&O, bond and related insurance from this program, and are current members of the American Bankers Association, are eligible to receive distributions. t Financial Managers SCHOOL CHOOSE FROM TWO DATE/LOCATION OPTIONS: May 9-13, 2016 Amherst, Mass. | September 18-23, 2016 Madison,Wis. PRESENTED BY AND Space is limited so we encourage you to register early! Designed by experienced CFOs especially for financial managers, this week-long school uses an integrated case study to help you learn the unique concepts and terminology of bank finance and asset/liability management along with the practical implementation tools to profitably manage a financial institution’s balance sheet. Register now to: • Develop an effective capital planning strategy • Acquire the tools to successfully manage the A/L function of a financial institution • Find proven solutions to today’s complex challenges from an experienced faculty • Hone your skills with a comprehensive curriculum that includes an in-depth study of key financial management areas • Create career-long relationships with like-minded colleagues CFOs, controllers and financial managers who have experience with asset/liability management, investments, budgeting and reporting activities will benefit from this indepth curriculum. A program overview, curriculum description and online registration form are available on the GSB web site at www.gsb.org or the FMS web site at www.fmsinc.org/school. On our sites you’ll also find a variety of programs available to meet the educational needs of today’s banker. OTHER GSB PROGRAMS INCLUDE: Graduate School of Banking Bank Technology Management School Bank Technology Security School Human Resource Management School Bank Management Forums GSB Online Seminar Series OF 2015 PARTICIPANTS SAID THEY’D RECOMMEND THE FINANCIAL MANAGERS SCHOOL TO A FRIEND OR COLLEAGUE! 100% new sector also comes with the potential for yet another unlevel playing field. As I noted in a recent American Banker op-ed, banks and fintech firms have different supervisory regimes, even though the products they offer ‒ such as payments, loans and deposits ‒ are essentially the same. Banks are regularly examined to ensure consumer protections and cyber defenses are in place, for example. Fintech firms are not. That has consequences not only for consumers, but also for banks’ ability to partner with and match the innovations of fintech providers. These inequities are why creating a level playing field is the first pillar of ABA’s Agenda for America’s Hometown Banks (available at aba. com/Agenda). We are advocating for prudent and responsible oversight for fintech companies, not simply because it impacts our bottom line, but because it impacts our customers. We are also pursuing the elimination of the special tax status for the Farm Credit System and credit unions when they act outside their missions. These are big asks, and progress towards these goals will require tremendous patience and persistence. But we saw our persistence pay off with the Farm Credit System hearing in December ‒ a small yet crucial first step. And we hope our steady drumbeat about our tax-advantaged competitors will pay off whenever Congress turns its attention to tax reform. t
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