Tags: federal reserve | powell | small banks | supervision

Fed Committed to Tailoring Supervision for Small Banks: Powell

Monday, 20 October 2014 10:52 AM EDT

The Federal Reserve is committed to tailoring its supervisory practices for community banks as appropriate to reduce unnecessary burden, a top Fed official said on Monday.

The central bank also needs to ensure smaller U.S. banks continue to operate in a safe and sound manner, Fed Governor Jerome Powell said in prepared remarks ahead of a Fed webinar for community banks to discuss regulatory issues.

Powell did not comment on monetary policy.

Smaller financial institutions in the United States have complained that rising regulatory costs, meant mainly to keep large banks in check, have hurt the local banking industry.

© 2025 Thomson/Reuters. All rights reserved.


Personal-Finance
The Federal Reserve is committed to tailoring its supervisory practices for community banks as appropriate to reduce unnecessary burden, a top Fed official said on Monday.The central bank also needs to ensure smaller U.S. banks continue to operate in a safe and sound...
federal reserve, powell, small banks, supervision
99
2014-52-20
Monday, 20 October 2014 10:52 AM
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