July 24, 2013
Guest blog by Amber R. Van Til, JD, IBA Senior Vice President-Government Relations
How many times have you sat in a management meeting or a board meeting and wondered, “What were the bureaucrats thinking when they wrote this regulation?” If you are like most bankers, it is a daily occurrence. Frustration with the financial regulatory environment is at an all-time high. New rules are coming at the industry faster than they can be digested. We are drinking from the proverbial regulatory fire hose.
As bankers, we know that information is knowledge. We are in the fact-gathering business. We understand that the more information we can gather, the better equipped we are to deal with the decisions on the loans we make, on the rates we pay, and how we prepare and respond to new regulations.
It is for this reason that we strongly encourage our members to invest the time and energy to join us on the Indiana Bankers Association Annual Washington Trip. This trip to our nation’s capitol is the missing piece of the information puzzle. Bankers will have an opportunity to discuss Indiana’s banking environment with high-ranking regulatory officials and with the Indiana Congressional Delegation. This is a critical mission. Banker visits and comment letters are the only feedback that regulators receive in response to the regulations that they enact or are considering enacting.
Last year a record number of bankers attended the IBA Annual Washington Trip. The overwhelming feedback from attendees was that the trip helped immensely in understanding the mindset of Congress and regulators, plus it provided an opportunity to voice concerns. For many, the DC trip was the last piece of the puzzle in comprehending the new world of banking today.
The 2013 IBA Annual Washington Trip is scheduled for Oct. 6-8. Attendees need to pay for their hotel and transportation to Washington. The IBA will provide most meals and transportation around DC. We will visit all of the Indiana Congressional delegation and many of the regulators offices. Click here for more information and to register.
We hope that you will take the time to join us for this year’s IBA Annual Washington Trip. Consider it an investment in understanding how your bank can better respond to the challening new banking environment.