Banking Perspectives
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    Banking Perspectives Q4 - 2016: Real-Time Payments

    This issue of Banking Perspectives examines the rapidly-evolving world of electronic payments, including developments with potential blockchain-based payments offerings, and TCH’s new Real-Time Payments (RTP) system – the first new payments platform in the U.S. in over 40 years.

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    Banking Perspectives Q3 - 2016: Fixing AML

    Fifteen years on from 9/11, the use of anti-money laundering efforts has become a key element of disrupting terrorist financing (AML/CFT). Banks have been deputized to assist law enforcement with this effort, through compliance with the Bank Secrecy Act, its implementing regulations and OFAC sanctions programs. Yet, despite significant resources dedicated to stopping illicit financial transactions, perverse incentives have created an AML/CFT regime that is inefficient. The authors in this issue of Banking Perspectives examine the current AML/CFT regime and offer solutions and models that could improve its efficiency and overall effectiveness.

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    Banking Perspectives Q2 - 2016

    Contributing authors examine the continuing debate surrounding a series of rule changes proposed by the Basel Committee on Banking Supervision (BCBS) that would alter the current risk-based capital framework.

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    Banking Perspectives Q1 - 2016

    The bank of the future will be much different than what exists today, from the types of products it offers, to the physical branches, to the service and technology it provides its customers. Non-traditional financial competitors entering the banking space each day, bringing new ideas, technology and tools to the banking space. Banks, in turn, are looking to adapt innovative processes and technologies as they increase the quality and convenience of products and services to clients. 

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  • Banking Perspectives, Value of Banks to Society
    Banking Perspectives Q4 - 2015

    The fourth-quarter edition of Banking Perspective focuses on the value of the banking industry to society and the economy. Historically, the banking industry has facilitated economic growth and societal advancement in the United States by providing access to capital, taking deposits, and facilitating payments, among many other functions. In short, without a strong and vibrant banking sector, an economy can not grow and flourish.

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  • The Clearing House
    Banking Perspectives Q3 - 2015

    The third-quarter edition of Banking Perspective focuses on the fast-changing world of payments, where banks are innovating rapidly and new non-bank payment options are proliferating as Silicon Valley has allocated billions to payments startups. Driven by digital commerce, new payment products aim to make the payment part of any transaction faster, smoother, and more intuitive. Digital and mobile wallets are maturing, the number of person-to-person (P2P) payments are exploding, and banks and regulators are working on standards that may one day allow for cross-border payment, possibly in real time. Most importantly, TCH member banks are creating a real-time payments platform that will support innovative payments products for years to come.

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  • The Clearing House
    Banking Perspectives Q2 - 2015

    This second-quarter issue of Banking Perspective focuses on risk, a topic that has received heightened attention from bankers and regulators since the financial crisis started in 2008. Risk comes in many shapes and sizes and banks have spent substantial resources to better understand, measure and mitigate risks across their respective organizations. Managing numerous types of risk successfully – including systemic, legal, market, geopolitical, credit, and culture risks, to name but a few – requires new thinking, skills, data, and tools.

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  • Banking Perspective Q1 2015 FBOs
    Banking Perspectives Q1 - 2015

    This issue of Banking Perspective examines the role foreign banking organizations play in the U.S. and global economy. The theme of whether the global financial system will continue to support global economic growth or whether we are entering a period of retrenchment continues to be discussed among policymakers. The emerging regulatory architecture appears to be moving away from a financial system that would support continued globalization. In the U.S. context, this is particularly true with respect to the Intermediate Holding Company (IHC) requirements under Dodd-Frank Section 165. This edition of Banking Perspective provides a balanced and insightful discussion on these important issues. 
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  • The Clearing House
    Banking Perspectives Q4 - 2014

    The fourth quarter 2014 issue of Banking Perspective explores the topic of financial resiliency. How can we strike the right balance between promoting financial stability on the one hand while ensuring that the banking system can contribute to economic growth on the other? Andrew Lo, of MIT’s Sloan School of Management, describes how we can take steps to better measure these tradeoffs, and the University of Chicago’s Randy Kroszner describes the policy tradeoffs involved in macroprudential regulation. We also have the privilege of featuring an interview with Brian Moynihan, Chairman and CEO of Bank of America and incoming TCH Chairman, who discusses the challenges and opportunities facing the banking industry. Download the full issue

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    Banking Perspectives Q3 - 2014

    Welcome to the third quarter, 2014 issue of Banking Perspective. In this issue, we focus on how technology is reshaping payments, particularly with respect to mobile payments and virtual currencies. We also hear from Thomas Curry, Comptroller of the Currency, who shares his views on sound risk management cultures at banks and Geoff Davies, from the Bank of England, who provides a UK perspective on these issues. Retiring TD Bank CEO Ed Clark offers lessons on leadership, strategy and organizational success as he reflects on his incredible career in this issue’s State of Banking interview.
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  • Banking Perspective
    Banking Perspectives Q2 - 2014

    This issue of the Banking Perspective focuses on the role of regional banks in the economy and the industry and the unique challenges that they face. BB&T CEO Kelly King kicks off the issue with an analysis of how regional banks will need to excel at risk management and produce shareholder value in order to succeed. Paul Harris, secretary and general counsel at KeyCorp, discusses how regional banks can achieve effective governance in the current regulatory environment. Meanwhile, Chris Mazingo of McKinsey & Co., focuses on how regional banks need to gain critical mass in order to succeed. The second quarter issue also includes exclusive highlights of TCH’s Regional Bank Executive Roundtable and articles on governance models for cybersecurity risk and Section 165.

  • The Clearing House
    Banking Perspectives Q1 - 2014

    The First Quarter 2014 issue of Banking Perspective explores the complex issues surrounding the establishment of a workable resolution framework for large, complex financial institutions. A resolution framework is needed address remaining concerns surrounding “too big to fail,” but establishing a credible framework is an enormous challenge. In the issue, Gregory Baer, managing director and general counsel at JPMorgan Chase, explores the FDIC’s single-point-of-entry resolution strategy. Meanwhile, Thomas H. Jackson from the University of Rochester, proposes an alternative to resolution by amending the bankruptcy code. On a related topic, Randall D. Guynn and Reena Agrawal Sahni from Davis Polk argue that the FDIC should clarify Single Point of Entry as its “preferred path” for Title II resolutions. The first quarter issue also includes articles on international coordination for large bank resolutions, the role of financial market infrastructures during resolution, the multiple point of entry alternative, and more.