FDIC to Release Community Banks Initiatives’ Results by Year End
American Bankers Association article republished:
In related news, acting FDIC Chairman Martin Gruenberg said yesterday that his agency plans to release the results of its community bank initiatives by the end of the year.
The initiatives include regional roundtables with community bankers; research on the evolution of community banks over the past two decades, including changes in their business models and cost structures; and a review of FDIC examination and rulemaking policies to improve the regulatory process for such banks.
“We hope before the end of this year to announce the outcome of all these initiatives, and we will be continuing this focus on community banks beyond this year,” Gruenberg said at an American Institute of Certified Public Accountants conference on banks and savings institutions in Washington, D.C.
He added that FDIC's review of regulatory policies is aimed at seeing “if there are things we can do to make them more efficient, effective, both for our examiners … and for the institutions.”
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