Outreach program to help community banks achieve CAMELS assessment objectives mandated by Dodd-Frank
NEW YORK, May 8, 2012 — BNY Mellon today announced the expansion of a new educational outreach program designed to help community bank professionals meet the new CAMELS (Capital adequacy, Asset quality, Management, Earnings, Liquidity and Sensitivity to Market) assessment criteria mandated under Dodd-Frank.
The outreach program includes a series of safety and soundness seminars conducted under the sponsorship of state banking associations and delivered in collaboration with KPN Consulting, a leading provider of consulting services to community banks. Seminar participants will include representatives from state and federal regulatory agencies and balance sheet management experts from BNY Mellon Capital Markets LLC. The next seminar in the series will take place on May 15-16 in San Francisco, sponsored by the Western Independent Bankers (WIB).
"A number of our banking industry clients have asked us to expand the scope of our seminars to include capital markets experts who can provide real-world perspectives on the options available to community banks in addressing capital adequacy and other balance sheet concerns," said Karl Nelson, president and chief executive officer of KPN Consulting. "BNY Mellon Capital Markets' experience, subject matter expertise and commitment to supporting their community bank clients make them an ideal partner."
"Our participation in several successful CAMELS seminars has given us a first-hand appreciation for the importance of this topic to community bank leaders," said Gary Strumeyer, president of BNY Mellon Capital Markets. "Collaborating with KPN Consulting on our educational outreach program for 2012 is a great way for us to share practical perspectives on capital management strategies and to help community banks meet critical regulatory and compliance objectives."
About KPN Consulting. Involved in the banking industry since 1972, KPN Consulting has been focused for the past ten years on providing both hands-on and educational support to community bank clients in the key areas of Business Lending, Credit Administration, Asset Liability Management, and Special Asset Resolution. More information is available at www.kpnconsulting.net.
About BNY Mellon Capital Markets, LLC. A full-service wholly-owned non-bank broker-dealer subsidiary of The Bank of New York Mellon Corporation specializing in underwriting and sales and trading services, BNY Mellon Capital Markets, LLC (BNYMCM) (member FINRA, SIPC) is a leading provider of securities services for large public and private corporations, various governmental and not-for-profit entities, and institutional and high-net-worth investors seeking efficient execution, industry expertise with timely and relevant market commentary, and a collaborative relationship.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.
This is for informational purposes only; from sources BNYMCM believes reliable; may not be accurate or complete; is subject to change; is not a recommendation or offer to buy/sell a financial instrument or adopt any investment strategy; and is not legal, tax, credit or accounting advice. BNYMCM or its affiliates lends to, borrows from and provides other products/services to issuers and others, receives compensation therefor, and periodically has a direct or indirect financial interest in the financial instruments or transactions indicated. Additional risks exist that are not referenced. Past performance is not indicative of future returns. Securities: are not FDIC insured; are not deposits or other obligations of and are not guaranteed by BNYMCM or any bank or non-bank affiliate; and involve investment risk including possible loss of principal.
All logos and trademarks referenced herein are the property of the respective trademark owners.