Fed’s Bowman: Regulators must be more open to banking innovation
Financial innovation must be a core regulatory priority, with regulatory and supervisory resources and attention focused on building a policy ...
Tag: Regulatory burden
Paper explores effects of overlapping regulations on banks, consumers
The paper attempts to offer a framework to guide the analysis of the combined effects from multiple proposals, focusing primarily ...
ABA: FinCEN underestimates compliance burden of BOI collection
ABA urged the Office of Management and Budget to condition renewal of a form that facilitates beneficial ownership information collection ...
Fed’s Bowman: Proposed capital rules ‘disproportionate to risk’
The proposal Basel III endgame capital rules are “excessively calibrated and disproportionate to risk” they seek to address, and that ...
ABA urges banking agencies to ease regulatory burden
ABA in a letter outlined several “big picture” recommendations for banking agencies as they conduct a congressionally mandated review of ...
ABA urges FinCEN to reevaluate BOI collection burden on banks
FinCEN needs to accurately calculate the burden that collection currently places on financial institutions, and to consider the parts of ...
ABA, state bankers associations: Congress must push for review of regulatory ‘tsunami’
ABA and 51 state bankers associations urged lawmakers to demand an independent review of recent banking agency rulemakings to assess ...
Bowman: Proposed regulations will pose challenges for banks
Regulators need to acknowledge that changes to supervisory expectations and processes, along with the sheer number of new and proposed ...
Survey: Community bankers remain concerned about economy, regulation
Community bankers are showing slightly more confidence in the future economic conditions but still have concerns, particularly about regulatory burden, ...
ABA urges FinCEN to rethink currency transaction report requirements
A FinCEN proposal to renew without change its information collection requirements for currency transaction reports, or CTRs, severely underestimates the ...
