NOTICE: In accordance with Governor Lamont's emergency declaration, employees and the public are asked to observe social distancing measures to ensure communal safety and to slow the spread of the novel coronavirus (COVID-19). People are asked to work from home and telecommute wherever possible. Adhering to these instructions, the Department of Banking has closed its offices to the public. However, agency staff will continue to provide services to consumers and industry through telework. When contacting the Department, please use electronic communication whenever possible. Agency staff will continue to check voicemails during this time. Consumers are encouraged to use our online form for complaints. If you are unsure where to send an inquiry, you may send it to Department.Banking@ct.gov and it will be routed appropriately. Thank you for your patience during this time.

Banking Commissioner Takes Part In Bank Supervisors' 
Strategic Planning Session

August 10, 2004

Connecticut Commissioner of Banking John P. Burke took part in the Conference of State Bank Supervisors' (CSBS) Strategic Planning Committee, August 4-5. Burke is a past chairman of the CSBS. The meeting was held to review and update CSBS's strategic plan to address federal and state policies impacting the nation's banking and financial institutions and their customers. Burke was one of nine state bank commissioners participating in the two day meeting, led by Missouri Commissioner of Finance and CSBS Chairman-Elect Eric McClure.

"Through CSBS, state bank regulatory agencies and state-chartered banks continue to champion a system that offers competitive chartering options, and efficient and effective supervision," Burke said. "This meeting solidified CSBS priorities to be addressed in the coming year to ensure the continued viability of state-chartered banks, which comprise 75 percent of the bank charters nationwide."

Issues emerging as priorities from the planning session included increased focus on safety and soundness, economic growth and consumer protection and federal preemption of state authority; innovation and collaboration in supervision and regulation; coordination with and among state and federal regulators; financial support for CSBS activities, enhanced involvement of constituents nationwide, promoting and publicizing CSBS activities; education and training for state bank examiners; and ongoing advocacy of state banking. Specific proposals will be taken to the CSBS Board when it meets in September.