BY: Art Campomanes Staff Writer for World Liberty TV
Now in its ninth year, The Clearing House + Bank Policy Institute Annual Conference is the leading conference for key regulatory, legal, and payments issues facing America’s largest commercial banks. Held for two and a half days at The Pierre Hotel in New York.
The TCH + BPI Annual Conference brings together the industry’s leading executives and thought leaders – C-suite financial services executives, policymakers, regulators, journalists and academics – to examine the continually evolving landscape for the country’s banks, to tackle the industry’s toughest issues, and to explore its biggest opportunities through thoughtful and fact-based dialogue.
The Clearing House is a banking association and payments company that is owned by the largest commercial banks and dates back to 1853.
The Clearing House Payments Company L.L.C. : Owns and operates core payments system infrastructure in the United States and is currently working to modernize that infrastructure by launching a new, ubiquitous, real-time payment system. The Payments Company is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume.
It is focused on safety, security, reliability, and efficiency of bank-owned payment systems and has a long history of operational resilience, having maintained operations without interruption through every financial crisis and natural and man-made disaster since 1853.
The Clearing House provides a place to foster industry collaboration and development where industry coordination is necessary. Beginning with the first U.S. check exchanges, The company has brought together banks to collaborate on key issues, including needs for the next generation of payment systems. Most recently, The Clearing House launched RTP®, a real-time payment system for all U.S. banks.
Supporting services include those offered by The Clearing House Payments Authority, a payments association with more than 1,000 financial institution members and corporate subscribers and those offered by ECCHO, which include: check education, check advocacy, and the creation and maintenance of rules that govern private sector check image exchange for its members.
In addition to its role as an operator, The Clearing House provides thought leadership to the banking industry. It engages with decision makers, conducts research and provides expertise to guide the evolution of public understanding, public policy and legislation and regulation of payments and the financial services industry.
The Bank Policy Institute (BPI): is a nonpartisan public policy, research and advocacy group, representing the nation’s leading banks. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ nearly 2 million Americans, make 72% of all loans and nearly half of the nation’s small business loans and serve as an engine for financial innovation and economic growth.
Our staff includes economists, researchers, financial analysts and attorneys, all focused on using data and analysis to shape sound policy. We distribute our research and analysis to U.S. and global regulators, members of Congress, academics and media through academic-quality research papers, blog posts, white papers, comment letters, and Congressional testimony.
We also serve our members through our Business-Innovation-Technology-Security division (better known as BITS), which provides an executive-level forum to discuss and promote current and emerging technology, foster innovation, reduce fraud and improve cybersecurity and risk management practices for the nation’s financial sector.
We take as a given that the business of banking is the business of taking and managing risk. BPI aims to shape policy to allow the nation’s leading banks to best serve their customers and fulfill their vital economic role while holding sufficient capital and liquidity to ensure that the risks they take are borne by their shareholders and creditors, not the taxpayer.
The Clearing House +Bank Policy Institute’s 2019 Annual Conference –NYC , for 2 and half days, had thousands of people in attendance, people from the business of banking.
Some of the keynote speakers who spoke were; James D. Aramanda, President and Chief Executive officer of The Clearing House, Greg Baer, President and CEO of Bank Policy Institute, John Hope Bryant, Founder, Chairman, and Chief Executive officer of Operation Hope Inc, Michael L.Corbat, CEO Citigroup ,Inc, Dr.Robert J. Shiller, Nobel Laureate in Economics, Distinguished Professor of Economics, Yale University ; Author ,Narrative economics and many more spoke.
See More about The Clearing House +Bank Policy Institute’s 2019 Annual Conference –NYC , in our World Liberty TV, Business Channel and Blogs by clicking here.