Parting Remarks Stress Activism
In his final speech, Kenneth A. Guenther, retiring president and CEO for the Independent Community Bankers of America, took a poke at the business that occurs in the nation's capital, but said it is crucial for all banks, no matter their size, to pay attention to what is happening.
Guenther likened Washington, DC policymaking to a fish tank of predators where enemies strike quickly without warning. "Most of the time they swim around peacefully - but every now and then they attack and devour another fish," he said. "Sometimes they go after fish that are important to us," he added. Key proposals that independent community bankers need to follow closely include legislation to create a new safety and soundness regulator, legislation that would allow commercial businesses into the banking fields, and legislation to change the way federal deposit insurance is administered.
"On issue after issue, starting with the unconscionable regulatory burden that you face every day - let your individual voices be heard louder and much more frequently," he cautioned.
Copyright © 2004 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 14, No. 3, 7/05
First published on 07/01/2005