Fed’s Tarullo Pushes for Simpler Oversight of Community Banks

From: Bloomberg

by

Federal Reserve Governor Daniel Tarullo told community bankers he wants to simplify their oversight because they don’t pose a risk to the U.S. financial system.

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Real Issues

“It would be preferable to relieve both supervisors and community banks from examining compliance with these kinds of requirements in order to concentrate resources on the real issues presently faced by these institutions, such as cybersecurity and interest-rate risks,” Tarullo said.

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