2016 Banking Outlook Conference

Posted by Don Woodland on Dec 18, 2015 2:30:51 PM


GSBLSU at FRB Banking Outlook 2016 AtlantaThe Graduate School of Banking at LSU is again working with the Federal Reserve Bank of Atlanta in the presentation of their annual Economic Outlook Conference.  The conference will be held in the bank’s home office in Atlanta on Thursday, February 25, 2016.  The link for registration for the Federal Reserve Bank Economic Outlook Conference is https://www.frbconferences.org/atlanta/16banking

 

The School will present a panel of bankers which will address current issues facing senior management.  The panelist are:

  • Hugh Dailey, President and CEO, Community Bank & Trust, Ocala, FL
  • Jim Edwards, President and CEO, United Bank, Griffin, GA
  • Drake Mills, Chairman and President, Community Trust Financial Corp., Ruston, LA

 FRBA_bankingoutlookcon_113015_mailer

The President-elect of the School, Mark Holladay, Executive Vice President and Chief Credit Officer of Synovus Financial Corporation, Columbus, GA will moderate a panel of regulators from the various agencies.

A block of rooms is reserved at the Hyatt Atlanta Midtown (404)443-1234 which is on the opposite corner from the Fed.  Mention the bank when you are making reservations. 

We hope to see you in Atlanta next February.  

Click image below to open mailer in pdf.

FRB_Banking_Outlook_16_mailer_image.jpg

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Tags: Banking Outloook, Conferences and Events

2015 GSBLSU Keynote- Jeff Lacker

Posted by Don Woodland on Sep 23, 2015 10:26:15 AM

jeff_lacker_photo

On May 26, 2015, students and facility of the Graduate School of Banking at LSU gathered in the Union Theater to hear Jeff Lacker, President of the Federal Reserve Bank of Richmond, present an informative history on the “Quest for Financial Stability” in the U.S., and the changes that need to happen for a better financial system.

 Dr. Jeff Lacker, who presently serves as a voting member of the Federal Reserve Open Market Committee, recently stated in a press release that he feels that interest rates should rise before the end of 2015.  The press release on the July meeting of the Federal Open Market Committee, published on September 17, 2015, indicates strengthening in the economy but a standstill in increase of the interest rate. Lacker was the sole vote to raise the target range in the July meeting.

 In his address to the 2015 GSBLSU students, Lacker discussed his personal views to restore market discipline by solving the problem of firms perceived as “too big to fail.” He explained the ironic origins of these firms with an analysis of the banking system in the 20th century. He argued that the moral hazard resulting from the establishment of the federal financial safety net attributed to an unstable financial system. His solutions to this problem are implementing long-term strategies to restore market discipline, such as resolution planning for large institutions known as living wills, and limiting the power of government agencies to intervene in turbulent economic times. 

 (The full speech can be viewed by clicking the link here.)

 In closing, Lacker emphasized that this strategy could bring the country a financial system independent of government support and financial institutions that can effectively support our “dynamic and innovative economy”. “This is going to be hard work, and some will claim it’s impossible,” he concluded. “But the alternative seems even less promising … that path is unlikely to serve our country well. So I believe we need to step up and face the challenge of creating a stable and resilient financial system.”

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2015 Banking Outlook Conference

Posted by Don Woodland on Feb 5, 2015 10:10:04 AM

atl_banking_conference_2015

The Graduate School of Banking at LSU will participate in the Atlanta Fed’s 2015 Banking Outlook Conference on Thursday, February 26.  The theme for this year’s conference is Preparing For Take-Off.  The sponsors for this event are Federal Reserve Bank of Atlanta, Supervision & Regulation division and
Graduate School of Banking at Louisiana State University.

Following several stagnant years, the banking industry has started to see growth trends emerging again.  The banking sector will face challenges with this return to growth, both old and new.  The conference will feature many expert opinions on the projected growth and implications of the risks.   The conference will take deeper dives into several important areas, including:

  • Economic conditions and policy environment
  • Designing risk frameworks
  • Peaks and valleys in the residential real estate sector
  • New trends in banking technology
  • Merger and acquisition environment
  • Banking Outlook: A Regional Perspective, presented  by GSBLSU
  • Keynote Address by Dennis Lockhart, President FRB of Atlanta

The conference is available to attend by invitation only and attendance carries CPE credit.  Should you need to contact those in charge of the conference, the email address is BankingOutlookConference@atl.frb.org  and live updates will be pushed out regularly on Twitter.  Use the hashtag #BankingOutlook15 or follow the conference on the FRB Atlanta’s Twitter feed.  The conference will also be available for live viewing on Ustream on 2/26.

 The conference agenda can be viewed by clicking here and additional information can be found here.

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GSBLSU BancGrad Newsletter January 2015

Posted by Don Woodland on Jan 21, 2015 10:29:37 AM

GSBLSU newsThe newest issue of the Graduate School of Banking at LSU's BancGrad Newsletter has just been published!
 
In this issue, GSB highlights:
  • Don Woodland's Address
  • New Officers & Trustees on the Board
  • New Faculty & Courses
  • The New Look of GSB Publications
  • 2015 Tuesday Speaker
  • Outstanding Faculty Member
  • Faculty Profile
  • 2015 FRB Atlanta Banking Outlook Conference
  • Blogs
  • Student Directory Listings

We look forward to another exciting year at GSB.  We hope that the BancGrad Newsletter gets passed along to others in your home banks, particularly those who may be candidates for upcoming sessions of GSBLSU.  The 66th session of GSBLSU will run from May 24 through June 5, 2015. We are currently accepting applications and those may be submitted online here.

If you'd like to access the BancGrad Newsletters from previous years, you may find them on our GSB Newsletter page here.

 

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Dennis Lockhart at GSBLSU: The Economic and Community Banking Landscape

Posted by Don Woodland on Jun 20, 2014 2:18:00 PM


Dennis Lockhart at GSBLSU 2014

On the first Tuesday of the 2014 session of the Graduate School of Banking at LSU, the President and Chief Executive Officer of the Federal Reserve Bank of Atlanta, Dennis Lockhart, spoke to the student bankers in attendance.  Having such a close relationship with the Graduate School of Banking at LSU over the last two years, in the collaborative effort of the Fed’s supervisory and regulatory staff to host the Banking Outlook Conferences in Atlanta, Lockhart notes the importance of and interest in maintaining the current and future ties with GSBLSU.

In his address to the students and professors, he took a high-level look at many factors affecting the banking industry today, including the approach of the Federal Reserve to the future supervisory plans of community banks, the operational challenges that many community banks may encounter, the economic outlook, and the monetary policy outlook.  He emphasized that his personal thoughts were expressed, and they may not mirror the views of his colleagues at the Federal Reserve.

The full speech can be viewed by clicking the link here.

In closing, Lockhart reiterated the magnanimous responsibility that the GSBLSU students carry with them not only in their current education but also in the impending choices and impacts that will be made by them on their home banks.  He says, “You are here participating in continuing education to be the best bankers you can be. The history of bank failures in the Southeast contains a number of cautionary lessons. I’ll add one more. Improving conditions bring their own challenges. Conditions seem to be improving. Be careful.

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2014 Banking Outlook Conference

Posted by Don Woodland on Jan 23, 2014 1:46:00 PM

2014 Banking Outlook Conference

 

The Graduate School of Banking at LSU will participate in the Atlanta Fed’s 2014 Banking Outlook Conference on Thursday, February 27.  Top industry experts will share their views of the challenges, opportunities, and risks facing financial institutions in 2014. Among other topics, the conference will explore:

 

  • Economic conditions and the policy environment
  • Interactions between banks and the new Consumer Financial Protection Bureau
  • Changing nature of the office sector of commercial real estate
  • The Rise of Cybercrime and BankingCybersecurity
  • Recruiting for the future

 

 

Attend the conference virtually by registering to view the event live via USTREAM and follow conference updates on the Atlanta Fed’s Twitter feed or by using the hashtag #BankingOutlook14. You can also view the conference agenda for more details. 

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The Importance of a Well-Rounded Financial Education

Posted by Don Woodland on Jul 24, 2013 10:46:00 AM

financial education
 
 
Few would argue that a well-rounded financial education is something desperately needed in American schools.  Ideally, children would be instructed in sound financial decisions early on, before damaging mistakes are made that may take years to repair.  Unfortunately, while educating our children in math and science, the need for imparting financial wisdom has long been overlooked.  The consequence is future generations who lack the knowledge needed to secure their financial futures. 

For the past several years, National Financial Literacy Month and the organizations that support it have sought to shift this national trend of financially under-educated citizens.  Over these years, some strides seem to have been made.  From 2000 to 2011, the number of U.S. households with debt dropped from 74% to 69%.  However, there is still much to be done.

Richard Cordray, director of the Consumer Financial Protection Bureau, acknowledged this just this past month and called for significant changes to be made:

“I believe it is extremely important to require young people to receive further instruction in personal finance education during high school, when they are becoming conscious of the reality that they are getting close to going out on their own to make their own way in the world.  When young people do not have the skills to make effective financial decisions, they can incur unnecessary debt, miss opportunities to save money, and develop a poor credit history."

The proposed program would include financial training and standardized tests in grade schools nationwide.  This training would begin with the basics as early as kindergarten and progress to a more personalized financial education in high school.  Even measures to ready teachers and parents are covered with recommended training and incentives to better prepare them.  

As an institution that focuses solely on advanced financial education, GSBLSU recognizes the extreme importance that Mr. Cordray refers to and agrees that action must be taken.  A well-rounded financial education must not only take place in adulthood.  It should begin with children whose perceptions of finance have yet to be shaped.  Before applying for that first credit card on their college campus, they will fully understand any impacts that may potentially be made to their credit. 

We hope to see these changes implemented sooner rather than later.  Perhaps with a financial education that has been ongoing since childhood, we may just experience an influx in highly-educated banking executives in the years to come at GSBLSU.  We are always ready to welcome qualified new students.

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2013 Banking Outlook Conference

Posted by Don Woodland on Nov 2, 2012 10:01:00 AM

Panel Discussion

The Graduate School of Banking at LSU has been invited by the Federal Reserve Bank of Atlanta to co-sponsor the 2013 Banking Outlook Conference which will be held February 28, 2013 at the Fed’s office in Atlanta.  We are pleased to have a role in presenting this important and timely program which is described in the attached brochure.

The School will sponsor a panel discussion entitled Banking Outlook: A Regional Perspective, moderated by immediate past president of the School, John Womack, President and CEO, Arvest Bank, Little Rock.  Panelists are faculty member Carl Chaney, President and CEO, Hancock Bank, Gulfport, MS, Grayson Hall, President and CEO, Regions Bank, Birmingham, AL, and Paul Willson, Chairman and CEO, Citizens National Bank, Athens, TN.

You will want to mark your 2013 calendar to attend this very important event to learn what banking leaders in our region have to say about the post-election economy and banking environment.  You may register now on line by clicking here, so that you may be assured a seat at this popular event. Hotel information for the event can be found here.

Learn More About The 2013 Banking Outlook Conference

 

Don L. Woodland

Executive Vice President and Director

Graduate School of Banking at LSU

Baton Rouge, LA

225-766-8595

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