Pub. 13 2018-2019 Issue 6

NEBRASKA BANKERS ASSOCIATION 5 MARCH/APRIL 2019 EDITORIAL: The Nebraska Banker seeks to reflect news and information relevant to Nebraska and other news and information of direct interest to members of the Nebraska Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Bankers Association. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Bankers Association. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to the magazine, which began bi-monthly publication in May 2006, is included in membership fees to the Nebraska Bankers Association. CONTENTS 7 PRESIDENT’S MESSAGE – NEBRASKA BANKERS, PROVIDING EDUCATION AND OPPORTUNITY The NBA offers scholarships through two separate programs, promoting higher learning, talent recruitment and careers in banking. Richard J. Baier, President & CEO, Nebraska Bankers Association 8 WASHINGTON UPDATE – DIVERSIFYING OUR MOST IMPORTANT ASSET The ABA establishes goals to promote a diverse, equitable and inclusive workplace to attract and retain top talent. Assessment of human capital is essential for future success. Rob Nichols, President & CEO, American Bankers Association 10 EDUCATION CALENDAR 12 COUNSELOR’S CORNER – LIBOR: BIRTH, GROWTH AND PROBABLE DEATHS Knowing the scope of your bank's LIBOR exposure with regard to contracts and assets with maturities beyond 2021 is the first step to prepare for phase-out. Jeff Makovicka, Kutak Rock LLP 16 TECH TALK – FIVE COMMON SECURITY MISTAKES TO AVOID Address five deficiencies to greatly improve your institution's security. Andrew Hettick, SSCP, Security+, ISACA Cybersecurity Fundamentals 18 A BANKING GLANCE AT NEBRASKA'S LEGISLATIVE SESSION Nebraska's 2019 legislative session is well underway. NBA legal team provide an overview on key topics and banking relevant legislation. Robert J. Hallstrom, General Counsel, Nebraska Bankers Association, Gerald Stilmock, Associate General Counsel, Nebraska Bankers Association 22 2019 – WHAT TO EXPECT NEXT Major compliance provisions scheduled to take effect in 2019 will inevitably create an exciting year for banking. Sarah Sauceda, Associate General Counsel, Compliance Alliance 24 BERT ELY’S FARM CREDIT WATCH Prof. Lee Reiners of the Duke University Law School and executive director of the law school’s Global Financial Markets Center, recently published a very troubling paper, "A New Proposal to Expand Banking Services in Rural America." Bert Ely, Alexandria, Va 27 IT RISK EXAMS: GOOD HABITS ENABLE SUCCESS The IT risk examination process takes an increasing degree of time and effort, especially for community bankers who operate with fewer resources. But unlike many kinds of exams or audits, you can actually “study” for these. Adam Ward, Scantron Technology Solutions COVER PHOTO: Getty Image of Nebraska 24 ©2019 The Nebraska Bankers Association (NBA) | The newsLINK Group, LLC. All rights reserved. The Nebraska Bankers Association bi-monthly is published six times each year by The newsLINK Group, LLC for the Nebraska Bankers Association (NBA) and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the The Nebraska Bankers Association (NBA), its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. The Nebraska Bankers Association bi-monthly is a collective work and as such some articles are submitted by authors that are independentoftheNebraskaBankersAssociation(NBA).WhiletheNebraskaBankers Association bi-monthly encourages a first print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at: 855.747.4003.