Fed plans further cuts to regulation for community banks – Quarles
Further regulatory easing announced alongside greater stress test transparency plans
The Federal Reserve is working on further regulatory easing to reduce the burden for community banks, vice-president for supervision Randal Quarles revealed in testimony today (November 14).
Quarles said a leverage ratio proposal is expected to lighten the compliance load for community banks, while retaining capital levels and the Fed’s ability to take action when problems arise.
The new regulatory reform comes after a series of recent reforms triggered by the Economic Growth, Regulatory
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