Fed’s Quarles: Basel Participation Facilitates Tailored Regulation

From: ABA Banking Journal

The U.S. financial system, including community banks, benefits from its regulators’ participation in the Financial Stability Board, Federal Reserve Vice Chairman for Supervision Randal Quarles told the Utah Bankers Association today. The FSB is a Basel, Switzerland-based group of regulators from around the globe that coordinates principles for systemic risk supervision.


A Whole New Regulatory World For Community Banking

From: PYMNTS.com

From the beginning, Dodd-Frank has drawn the criticism that instead of doing what it was supposed to and targeting banks that were too big to fail, instead it targeted thousands of community banks and credit unions and rendered them, in effect, too small to survive. It has been, according to banking advocates, a law that needed revision since it was first passed.