Agencies: Here’s What We’re Doing to Reduce Regulatory Burden (ICBA: Big Fail)
The members of the FFIEC have issued their joint report to Congress detailing their review of rules affecting financial institutions. The review was conducted under Economic Growth and Regulatory Paperwork Reduction Act, which requires the agencies to conduct a review of their rules at least every 10 years. Simplifying capital rules and Call Reports, increasing the appraisal threshold for commercial real estate, and expanding the number of institutions eligible for an expanded examination cycle are among the key changes. So, how'd they do? ICBA gives the agencies an "F" for effort. "Today's report falls far short." [3/22/17]
