Bankers, Regulators Face Off at San Diego Convention
"If we could put the fear of God into you it would be about Basel III."
John Ikard, president and CEO, FirstBank Holding
"We ultimately need to strike a balance. Regulators' tools for a safe and sound system must be more than just the rulebook. They should also include sound regulation by the examiners."
Comptroller of the Currency Thomas Curry
"The ultimate libel in the United States today is accusing someone of racial discrimination. Disparate impact is the ultimate evil in the law, and this administration is the architect of it. And we need to defeat it."
Frank Keating, ABA president
"I think early in the cycle they referred to Atlanta as Chernobyl."
R. Daniel Blanton, president and CEO of Georgia Bank & Trust
"We have to understand that to stay the same is not possible and that if you try and hunker down the storm will change you."
Ray Davis, president and CEO, Umpqua Holdings
"We have no interest in witch hunts."
Edwin Chow, regional director, Consumer Financial Protection Bureau
"A key issue looks at the definition of rural institutions. That may increase the number of institutions that can offer qualified mortgages."
Mark Pearce, director of the FDIC's Division of Depositor and Consumer Protection
"The resources of the past may not get us to the future."
James Smith, chairman and CEO, Webster Financial
"It's a shame that we're looking for compliance [staff] rather than customer-facing employees."
Sheila Mathews, president and CEO, Four Corners Community Bank
"We're putting too much of an emphasis on capital. For community banks, the first good line of defense is the banker."
Former Comptroller of the Currency Eugene Ludwig
Bankers urged their counterparts to rally against Basel III and other regulations at the American Bankers Association conference in San Diego. In contrast, regulators tried to convince bankers that their voices would be heard in Washington.
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