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2011 Maryland Banking School Panel


The Center for Financial Policy partners with the Maryland Bankers Association to present a panel discussion at the Maryland Banking School

August 4 Panel

On August 4, 2011, the Center for Financial Policy and the Maryland Bankers Association partnered to present a panel discussion at the Maryland Banking School, a week-long program geared towards providing community bank managers leadership development, managerial and technical skills, and a resource network to enhance their performance to thrive in the evolving financial services marketplace. The panel, moderated by Richard Brown , Chief Economist and Associate Director of FDIC’s Risk Analysis branch, provided insight about the implications of the Dodd-Frank Act and regulatory requirements on community banks.

Smith School Tyser Teaching Fellow and Executive-in-Residence Cliff Rossi discussed his outlook for the housing markets and implications for bankers. In this discussion, he spoke about key drivers to watch, credit availability, home price trends, oversupply, GSE reform, and macroeconomic issues. He also provided some insight on the rule on credit risk retention and Qualified Residential Mortgage (QRM) provisions. In addition, he emphasized the need for a coordinated housing policy.

Ethan Cohen-Cole, Assistant Professor of Finance at the Smith School of Business, spoke to the bankers about the Consumer Financial Protection Bureau (CFPB). He addressed several issues of interest to community banks including legal risks, enforcement, and information burdens stemming from the Dodd-Frank Act.

Mark Kaufman, Commissioner of Financial Regulation for State of Maryland, spoke from a regulator’s perspective about the issues facing community banks. These issues include interchange, Municipal Advisor Registration, loan originator compensation rules, and QRM rules. According to him, the biggest issue moving forward will be the ability for community banks to gain access to capital to achieve long-term success.

All panelists also spent time addressing questions from the audience about various topics including municipal deposits, Too Big To Fail, GSEs, free market prices, and the effect of the Dodd-Frank Act on financial product innovation. At the session’s conclusion, Rich Brown also shared his outlook for the industry and the future of the FDIC.

Presentation Slides: