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Indiana Bankers Association Mega Conference 2014

Attorney Edmund P. Kos attended the Indiana Bankers Association Mega Conference, which was held at the Indiana Convention Center in Indianapolis from March 28-30, 2014.  Kos & Associates is a long-time member of the Indiana Bankers Association, and Ed Kos regularly attends their events.

During his time at the conference, Ed Kos attended the following sessions:

Dodd-Frank Mortgage Update
Carl Pry, Treliant Risk Advisors LLC
This session focused on the new mortgage lending rules that are already in effect, as well as the new final rule on integrated mortgage disclosures still to come. Session topics included homeownership counseling, escrow rules, ATR and QM standards, originator compensation, HOEPA loans, HPML rules, Reg B, Reg Z and expanded servicer duties.

Regulations and More Regulations: What You Don’t Know Can Hurt You!
Elizabeth M. Snyder, CRCM, Plante Moran PLLC
This session focused on topical issues that financial institutions face in their approach to UDAAP and fair lending.

The Economic, Political and Business Climate
Roger C. Tutterow, Ph.D., Stetson School of Business & Economics at Mercer University
This session provided an overview of the current national, regional and Indiana economic environments, including links between the real estate markets and recent challenges in the banking sector, the effect of changes in the competitive landscape on bank profitability and performance, implications of developments in agricultural markets for lending in rural areas, the outlook for consumer spending and the retail sector, and the implications of ongoing changes in the political and regulatory climate for the financial services industry.

Healthcare Reform:  Are You Ready?
Rick Rhodes, Anthem Blue Cross and Blue Shield
This session provided an update on the status of the Affordable Care Act’s regulations and upcoming changes, the risks of being out of compliance and practical steps to meet obligations that the law requires.

The Rise of the Chief Risk Officer: How You Became the CRO, and What’s Expected of You Now
Michael D. Cohn, CPA, CISA, CGEIT, WolfPAC Solutions Group
As community banks become more risk-focused, they are creating the role of chief risk officer (CRO). This session covered what is driving community-based financial institutions to have a chief risk officer, and what demands will be placed on the CRO.

Base III: Confronting a New Regulatory Environment
John Tanselle, Krieg DeVault LLP
This session concentrated on estimating Base III’s impact to banks, gathering the information that will be needed for Basel III, and establishing a plan to correct any capital deficiencies that banks may face. It covered the capital conservation buffer, the common equity Tier 1 capital ratio, revised thresholds for prompt corrective action, new risk weightings, restrictions on dividends and bonuses, and the timeline for implementation.

Dodd-Frank for Commercial Lenders: Much Ado About Everything?
Dev Strischek, SunTrust Bank
This session covered Dodd-Frank Act (DFA) regulations that have been implemented, ones that are forthcoming, and how the Act will affect the commercial side of banking through underwriting, loan documentation, monitoring and reporting. The session also offered some tips on managing the DFA compliance process and minding the gaps.

Fighting Fraud: Specific Strategies for Reducing Risk This Year
Jack Vonder Heide, Technology Briefing Centers Inc.
This program discussed the many faces of financial crime, the new tools available to fight it, and the specific policies, procedures and awareness programs banks can implement to provide a safer environment for customers and to help preserve shareholder value.