Academic journal article ABA Banking Journal

Around the Globe Bankers Agree: Unity Is Crucial

Academic journal article ABA Banking Journal

Around the Globe Bankers Agree: Unity Is Crucial

Article excerpt

"This is the time when standing together--and telling our story--can and will positively shape our future. Our unity is critical."

That's a point I've been making in speeches to bankers around the country. It's a theme of my chairmanship. I believe that our interests are similar and need to have similar positions. The diversity of ABA is really a strength of our association.

You can imagine how pleased I was to find support for my position reinforced globally in talks I had recently with bankers from Japan, India, and Malaysia.

The idea of having a unified industry voice is not at all a parochial view. It is a global concept.

Bankers from around the world attending the International Monetary Conference in Geneva last month, for which ABA serves as secretariat, told me that their interests were very much aligned with ours.

I found these bankers remarkably aware of congressional efforts to enact financial regulatory reform legislation. They were concerned that legislation in the U.S. would have an impact on them in their legislative and regulatory scheme. That comes as no surprise. Ideas--good or bad--have a habit of traveling from one state to another and one nation to another.

Geneva is a world away from my home town of Grand Rapids, Mich., and hearing other bankers talk about their challenges and their commitments adds a new perspective. In listening to bankers from the smaller economies I was struck by their desire to collect deposits and make loans--so similar to what community banks are doing every day in this country. …

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