Sens. Push Lighter-Touch Regulation For Small Banks

Law360, New York (June 13, 2013, 3:48 PM EDT) -- Senators on Thursday pressed federal bank supervisors to ease regulatory burdens for community banks so that rules meant to impact large, complex financial institutions do not force smaller banks either to go out of business or to sell their assets due to compliance costs.

The call for eased regulatory burdens comes as banking regulators face a barrage of criticism from members of Congress and community bank lobbying groups for extending provisions of the Basel III international banking accords to virtually all banks, regardless of size, in...
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