#9: A Practical View of Regulatory Guidance and Prudent Lending | Laurie Stewart
In this episode, we zero in on the regulatory environment and the guidance regulatory agencies are providing as we have to move fast to try to protect our borrowers and our bank. Are we confident or cautious as we work with our borrowers, communities, and the regulators? Topics discussed in this episode: 1:26 Bankers assessment of the regulatory environment in the last recession 2:01 Responsiveness of regulators this time 4:20 Hope is not a strategy 6:20 Customers for life 7:38 Relationship with the regulators 9:15 Credit Risk Ready Survey 10:35 Regulators and banks want the same thing About Laurie Stewart: Laura Lee (Laurie) Stewart, president and CEO of Seattle-based Sound Community Bank celebrates more than 30 years at the helm of Sound Community Bank. In that time, she led the conversion of the organization from a $38 million credit union to a commercial bank which grew to be more than $718 million in assets. Stewart maintains a long history in community banking and participation in industry affairs. Stewart currently serves as the Chair of the American Bankers Association, representing the Nation’s $18.6 trillion banking industry and the employment of more than two million workers. She also holds a position on the board of directors for the Federal Reserve Bank of San Francisco’s Seattle Branch. Previously, Stewart served as Chair of the Board of Directors of the Washington Bankers Association (WBA), where she helped create the WBA’s Executive Development Program. In addition, Stewart was one of 14 bankers selected to serve on the inaugural FDIC Advisory Board in 2009, and in 2012, she was named to the Community Bank Advisory Council of the Consumer Financial Protection Bureau. In 2019, she was named Community Banker of the Year by American Banker and received an Executive Excellence award from Seattle Business Magazine. American Banker also named her as one of its Most Powerful Women in Banking in 2011, 2015, 2017, 2018, and 2019. Sound Community Bank https://www.soundcb.com/ Resources: 2018 Credit Risk Ready Study Go to page 20 for a focus on regulators and the regulatory environment. https://lindakeithcpa.com/crrs/ American Bankers Association Covid-19 Response Resources A range of resources to assist banks as they respond to the COVID-19 pandemic. The resources are curated daily to include the latest actions and guidance from the federal government, a customizable matrix to help banks plan a safe return to normal operations, mortgage forbearance guidance, consumer tips and more. https://www.aba.com/banking-topics/risk-management/incident-response/coronavirus Find out more about Linda Keith at: www.LindaKeithCPA.com www.LendersOnlineTraining.com LinkedIn: https://www.linkedin.com/in/lindakeith/