KBRA’s Key Takeaways from its Inaugural Bank Symposium
Washington,
November 27, 2018
KBRA’s Key Takeaways from its Inaugural Bank Symposium
By Business wire NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases a research report on key takeaways from its inaugural Community and Regional Bank Symposium, held recently at the Willard Hotel in Washington, DC. The risk of change was very much in the air despite continued economic expansion and record industry profitability. Midterms probably had something to do with it, as did an actively tightening Fed, with more than a little market volatility thrown in for good measure. In any event, the backdrop made for a lively day for over 160 attendees drawn from seasoned industry executives and advisors, regulators and policymakers, and investors. To no one’s surprise, regulatory and legislative issues were prominently featured, addressed in fireside chat format in three separate sessions, with Jelena McWilliams, recently appointed Chairman of the FDIC; French Hill (R-AR), U.S. Representative for Arkansas's 2nd congressional district, and Majority Whip on the House Committee on Financial Services; and U.S. Senator Sherrod Brown (D-OH), Ranking Member of the Senate’s Banking, Housing, and Urban Affairs Committee. Rounding out perspectives on the political front was a remarkable lunchtime keynote address by well-known and well-respected DC pundit, Jim VandeHei, co-founder and CEO of new media thought leader, Axios. Beyond the regulatory and legislative issues were all important topics impacting banks, including expert panel discussions on consumer debt and loan quality, commercial real estate trends and risks, and an outlook for further bank consolidation. Finally, the case for investing in community and regional bank debt was explored in detail via a panel that featured some of the largest investors in the space. To access the report, click here. |