Bank Directors Seminar, Coeur d'Alene, ID, September 15-17, 2019

Policy Lifecycle • The initiation of a policy or project for a committee can come from several sources 1) Response to a specific proposal from an agency (regulation/guidance) or Congress (legislation) 2) Recommendation from a member 3) Federal Financial Institution Examination Council (FFIEC) work-stream 4) Financial Stability Oversight Council (FSOC) work-stream • Staff recommends agenda to Committee chair, who determines what issues are brought before Committee • When views diverge, issue will be elevated to the Board • Most advocacy takes form of a comment letter, letters/statements on federal legislation, and testimony

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Regulatory Principles  Ensuring that state regulators and the state regulatory perspective are properly represented in financial services regulatory processes and bodies

 Developing approaches to reduce complexity and tailor community bank supervision and regulation

 Preserving the state-federal balance in bank and non-bank supervision

 Focusing on the preservation and enhancement of the dual banking system

 Assessing federal rules and supervisory policies to guide future advocacy

 Integrating Data Analytics and Research into public policy advocacy

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