Bernanke says Fed to make bank rules clearer |
| Reuters - Mar 14, 2012 |
The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday.
Bernanke said the goal is to prevent community banks from wasting time and money trying to figure out if a new regulation applies to them.
"Although this change seems relatively simple, we hope it will help banks avoid allocating precious resources to poring over supervisory guidance that does not apply to them," Bernanke said in a video message to an Independent Community Bankers of America conference in Nashville, Tennessee.
Bernanke said the Fed is also taking steps to improve communications with small banks and to better understand the challenges facing the industry, including the creation of a subcommittee to review how community banks are supervised.
Bernanke told the group that the outlook for small banks is improving but that the economy continues to pose challenges for the industry.
Read Full Article from Reuters
- Posted: 2012-03-14 10:13:47
| More Stock Investor Place Top Stories |
 |
|
|
|
| Stock Investor Place Top Stories Archive |
|
|
|
