IBANYS News and Updates

With the New York State Legislature and the Congress in recess this week for the President's Day Holiday, that means your local State Senators, Members of Assembly and Congressional Representatives are back home in the district meeting with constituents. It's a great time to reach out to them , and either visit them in their local offices or invite them to visit your bank. It's important for community bankers to continue informing our state and federal elected officials about the important contributions we make to the local and state economies, and to discuss our legislative priorities and needs.
____________________


In a recent "American Banker" op-ed , ICBA President & CEO Rebeca Romero Rainey noted the major regulatory relief community banks have achieved in recent years, but added there is “plenty more that Washington can do to support a more safe, efficient and equitable regulatory regime for community banks.” She cited pending updates to the Bank Secrecy Act; closing the industrial loan company (ILC) loophole; finalizing a cannabis-banking safe harbor in states where cannabis is legal; continuing to make the new CECL accounting standard more flexible and workable for community banks, and leveling the tax and regulatory playing field with the Farm Credit System and tax-exempt credit unions.

IBANYS strongly supports her conclusion that “community banks remain the banking sector’s gold standard, with robust capital ratios and the lowest levels of risk and complexity due to their locally focused, relationship-based business model. Rather than finding new ways to apply Wall Street regulations to Main Street community banks, policymakers should continue building and maintaining a tiered regulatory system. This should be a system that recognizes and rewards banking that is accountable and accessible to local communities.”
____________________


IBANYS 2020 Meetings  -  click the meeting to download brochure and to register

March 3 - Rochester — March 4 - Poughkeepsie - registration is open

April 7 - Rochester — April 8 - Poughkeepsie - registration is open

 Security Conference
May 5 - Rochester — May 6 - Poughkeepsie - brochure & registration info coming soon

IBANYS 46th Annual Convention
June 15-17, 2020 - Turning Stone Resort & Casino, Verona, NY
(details and registration information coming soon)