Tag Archives: regulatory burden

Regulators Support Basel Guidance on External Audits for Largest Banks

The FDIC, OCC and Federal Reserve today issued a joint advisory supporting the Basel Committee’s March 2014 external audit guidance for large, internationally active banks and offering recommendations for addressing the differences between U.S. standards and practices and those specified by the Basel guidance.

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ABA Questions FinCEN Analysis of Due Diligence Rule

The Financial Crimes Enforcement Network’s evaluations of the regulatory impact of its proposal to enhance customer due diligence requirements fail to consider the true costs and effects -- and overstate the benefits -- the rule would impose on banks of all sizes, ABA said in a members-only staff analysis issued today.

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Blanton: Banker Involvement is Essential for Industry Success

In an email to ABA member CEOs today, ABA Chairman Dan Blanton highlighted a number of positive changes the industry brought about during 2015, and called on bankers to increase their advocacy efforts in order to become a “more formidable political force” in the coming year.

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ABA Seeks Banker Input for Final EGRPRA Letter

The federal banking agencies today released their fourth request for comments under the decennial Economic Growth and Regulatory Paperwork Reduction Act review, making it the final opportunity for bankers to share specifics on unnecessarily burdensome regulations that should be changed via the EGRPRA process.

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