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First Look
A
bi-weekly digest of interest to NYBA's Service Members. 
September 25, 2006 Vol.
1, No. 10
Upcoming NYBA Opportunities for Service Members
Last Call For HR
Conference: Bring Your Table-Top Exhibits
NYBA’s 2006 Human Resources Management Conference
this week (Sept 27-28, Syracuse Wyndham Hotel) will draw a sizable
audience of HR Directors and senior HR officers from a wide
cross-section of New York financial institutions throughout the state.
For the first time, the 2006 HR Conference offers vendors the
opportunity to bring table-top exhibits – a great way for key service
providers to meet one-on-one with bankers. Visit
http://www.nyba.com/education/ meetings.html for further
information, or call Fred Corden at (212) 297-1674 or email
fcorden@nyba.com.!
Sponsorship
Opportunities at NYBA’s 60th Annual Trust & Investment
Conference
NYBA’s Trust &
Investment Conference is set for October 4 – 6 at The Otesaga Hotel in
Cooperstown. Why not participate in this session for trust and
investment executives, which offers unique opportunities to explore
ways to improve the New York trust industry’s outlook for growth and
competitiveness. Outstanding speakers will share their views on the
very latest practices and developments affecting bank business and
clients. There will be numerous networking opportunities to discuss
solutions to the challenges facing the wealth management business.
Service members: take advantage of sponsorship, exhibitor and
networking opportunities. Contact Mary Robb at
mrobb@nyba.com, or visit the
www.nyba.com for details.
…Deadline
Approaching for 56th Annual Retail & Small Business Banking
Conference
NYBA’s
56th Annual Retail & Small Business Banking Conference
October 23 – 25 at The Crowne Plaza Hotel in Albany provides retail
bankers with new insights on how to get superior results, and offers
the tools and strategies to help grow their retail and small business
sectors in this competitive environment. NYBA Service Members: limited
sponsorship and table top/free standing exhibitor opportunities are
still available. The Retail Conference is vendor-friendly, offering
breakfast, receptions, refreshment breaks and Tuesday’s luncheon in
the exhibitor area for maximum banker contact. The sessions offer a
great chance to establish and enhance banker relationships with the
approximately 150 decision-makers responsible for retail strategy,
retail sales, retail credit, branch administration, product delivery
and small business. The conference can boost your exposure to this key
industry segment. Why not include your firm’s products and services,
and list your key contacts, in our on-site conference program?
Sponsors’ literature will also be prominently displayed. (Note: cutoff
date is October 11 for program listing.) Contact Mary Robb (Mrobb@nyba.com)
or Bill Foley (Bfoley@nyba.com),
or visit www.nyba.com for conference updates.
NYBA’s Annual
Convention:
►
Golf Deadline
October 10
The block of golf tee-times reserved exclusively
for NYBA convention delegates for the tournaments Wednesday, November
8; Thursday, November 9 and Friday, November 10, expires on October
10. To ensure that you can play in the Individual Stroke Tournament on
Wednesday; the Scramble Tournament on Thursday, or the Spouse\Guest
Tournament on Friday, please submit your golf registration forms by
October 10. For further information, please call Bill Foley at (212)
297-1675, e-mail:
bfoley@nyba.com
► Vice Chairman’s
Pre-Convention Reception for Early Arrivals
A highlight of the Annual Convention is the Vice
Chairman’s Reception for NYBA service members and the CEOs of member
banks. The reception will be held at 6:30 pm on Tuesday, November 7.
If you’re at the Biltmore that day, plan to attend.
Service members: To learn more about
sponsorship and/or exhibitor opportunities for NYBA programs, please
contact Mary Robb (212-297-1662,
mrobb@nyba.com) or Bill Foley (212-297-1675,
bfoley@nyba.com).
Professional Development
“Principles of
Banking” Can Help You Brush Up On the Basics!
“Principles of Banking” introduces the essential
principles, concepts and operations of banking. It will teach the
impact of banking on the economy, as well as the trends, business and
environment of commercial banking today. The course will provide a
“big picture” perspective of the financial services industry and
banking. After completing this course, students will be able to
describe the US banking industry and its relation to the US economy;
explain how banks operate as a business; define the administrative and
functional lines for most banks; interpret bank financial statements;
summarize important federal laws and regulations affecting bank
operations and practices, and describe bank competitors in the
financial marketplace and trends likely to affect the future of
banking. Available through self-paced e-learning, online instruction
or in-house classroom instruction. Contact Elisa Legg (elegg@nyba.com)
or Fred Corden (fcorden@nyba.com).
NYBA’s Website
Lists Wide Array of Educational Programming
Visit
www.nyba.com/education and explore the numerous educational and
training opportunities available. Whether through online seminars,
telephone seminars, in-bank sessions or schools, bankers and firms
that work with New York’s banks can stay fully up-to-date on the
latest developments and trends impacting the industry.
For further information, contact Elisa R.
Legg, Senior Vice President, Professional Development, at (212)
297-1679 or
elegg@nyba.com. Don’t forget to sign up to receive updates on all
of NYBA’s educational programs by e-mail at
www.nyba.com/education.
What’s New From NYBA Profit Solutions
NYBA’s Workers Comp Group Invites Service Members
With the year-end renewal period for workers
compensation insurance policies rapidly approaching, Arthur J.
Gallagher & Co., administrators of the NYBA Workers Compensation
Safety Group, offers NYBA Service Members non-binding quotes to
compare your current coverage. In addition to attractive cost
benefits, the Safety Group makes it much easier for the HR
professionals at participating clients to keep track of claims and the
status of injured employees. Underwriter the PMA Group the NYBA plan
provides all participants with state-of-the-art on-line claims
tracking and monthly reports. PMA also provides – free of charge – an
integrated disability management program that delivers quality managed
care for injured employees. PMA medical professionals monitor the
treatment of injured employees to help minimize medical and lost time
expenses by returning employees to work as soon as possible. The NYBA
Workers Compensation Safety Group offers significant up-front
discounts off state mandated rates. For more information on this
valuable program, please call Lynn Cagnetta of Arthur J. Gallagher &
Co, at (914) 697-6023 [e-mail lynn-cagnetta @ajg.com]. Be sure to
identify yourself as a NYBA Service Member.
NYBA has endorsed JP Morgan Chase’s “i-Vault!”
Internet-based archive service which provides the ability to
electronically load, store and retrieve virtually any kind of
document. “i-Vault!” provides a centralized repository of data that
can be accessed by bank employees through the Internet. It offers a
secure digital archive with virtually unlimited storage capacity at
very affordable rates – you pay just once when the document is
stored. It can be retrieved as often as needed with no additional
charge. The system has been designed to run with standard browsers, so
there is no need for special equipment or software.
For further information, contact NYBSCO’s Field
Marketing Director Gus Kananis at (518) 286-9287: e-mail
gkananis@nyba.com.
Government Relations Update
In Albany:
The State Senate met briefly to confirm many of
Governor Pataki’s most recent appointments and to pass a mental health
bill. Efforts to open the Senate agenda to other pending legislation
were deferred until after the election when there is expected to be a
substantive “lame duck” session. Meanwhile, Chapter Law numbers have
been assigned for the bills signed by Governor Pataki last week.
Amendments to the ATM Safety Act that correct the lighting standards
in the Act (S. 4677-A, Farley/A. 11422, Magee) were assigned Chapter
number 656 of the Laws of 2006. The Law establishes standards for
future lighting installations that both reduce lighting luminance and
meet public safety objectives, while establishing default standards
that clearly grandfather all ATM lighting arrangements currently in
compliance with the Act. The Chapter is effective on December 12,
2006.
A New York State Supreme Court decision held that
the provision of last year’s Transportation Equity Act that preempts
New York’s vicarious liability law is unconstitutional. Section 10208
of the Transportation Equity Act specifically freed the owners and
lessors of leased vehicles from liability for actions of lessees, so
long as the lessor is in the business of leasing motor vehicles and is
not itself negligent. The preemption provision became effective for
all litigation filed on or after August 10, irrespective of when the
underlying event occurred. NYBA strongly supported enactment of the
preemption provision of the Transportation Equity Act. In the case of
Graham v. Dunkley, a Supreme Court judge held that New York’s
Vehicle and Traffic Law is not preempted by the federal statute
because the federal government lacks authority under the tenth
amendment to the U.S. Constitution to preempt the substantive law of
torts in a State. This decision is in direct contradiction to the
holdings in two other decisions and to dicta in a New York State
Appellate Division decision; it is likely to be appealed.
A full list of banking legislation passed during
the 2006 NYS Legislative session is available on NYBA’s website (http://www.nyba.com/).
In Washington:
The House passed S. 418, a bill passed by the
Senate in July that would regulate certain securities and insurance
sales to members of the armed forces and make clear that certain State
laws for insurance underwriting and agents apply on military
installations. The bill is co-sponsored by Senators Schumer and
Clinton.
NYBA News
John A. Scarchilli, President & CEO of
Pioneer Savings Bank in Troy, New York, has been elected to the board
of the Federal Home Loan Bank of New York, filling the seat left
vacant by the retirement of Community Bank System’s Sanford A. Belden.
According to a new report by Symantec, computer
hackers have “stepped up their attacks on financial services
companies” in the first half of this year. Hackers start out by
attacking the home computer of the online banking customer because
customers rarely have adequate security software installed.
According to the FBI, bank robberies are on the
rise again. Chicago is breaking records for the number of robberies in
a week and New York City saw 32 in August. Los Angeles leads the
nation in bank robberies.
We are sending you this e-mail for your
information. If you prefer not to receive any further messages from
us, just reply to this e-mail and let us know. You may also
unsubscribe to “First Look” by calling Susan Teho at
212-297-1660. Thank you.
“First Look” is published every other Monday
by the New York Bankers Association. Please send questions, comments
or submissions to Stephen W. Rice,
srice@nyba.com, Fax 518-434-1576, or call 518-434-3557.
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