Susan Schmidt Bies: Home Mortgage Disclosure Act, Bank Secrecy Act and capital issues Remarks by Ms Susan Schmidt Bies, Member of the Board of Governors of the US Federal Reserve System, at the Financial Services Roundtable Annual Meeting, Palm Beach, Florida, 31 March 2005. *  *  *  Good afternoon. Thank you for inviting me to speak at your annual meeting.
I know that regulatory issues are an important part of the Financial Services Roundtable’s agenda this year. Today, I want to touch on three regulatory issues that are currently high on the list of both bankers and supervisors: new disclosures under the Home Mortgage Disclosure Act (HMDA), Bank Secrecy Act compliance and Basel II implementation.