Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

OCC Office of Comptroller of Currency : Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/04/2014 | 08:46pm CEST

Joint Release

Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency

NR 2014-81
FOR IMMEDIATE RELEASE
June 4, 2014

Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden

The federal bank regulatory agencies today published the first of a series of requests for comments to identify outdated, unnecessary, or unduly burdensome regulations imposed on insured depository institutions.

The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires the Federal Financial Institutions Examination Council, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System (agencies) to review regulations issued by the agencies at least every 10 years.  It also requires the agencies to categorize the regulations, publish the regulations in each category for comment, report to Congress on any significant issues raised by the comments, and identify areas of regulations that are outdated, unnecessary or unduly burdensome.

The agencies have divided the regulations into 12 categories. At regular intervals over the next two years, the agencies will publish jointly three additional Federal Register notices for public comment.  Each notice will address at least one category of the regulations.

The first notice seeks comment on regulations from three categories: Applications and Reporting; Powers and Activities; and International Operations.  The public will have until September 2, 2014, to review and comment on this first set of categories.

The agencies plan to schedule roundtable discussions with bankers and interested parties and will publish details about these sessions on the EGRPRA website as they are finalized.

Media Contacts
Federal Reserve Eric Kollig (202) 452-2955
OCC Bryan Hubbard (202) 649-6870
FDIC Greg Hernandez (202) 898-6984
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
03:52p RELIANCE INDUSTRIES : SC to hear cellular operator's plea on May 29
03:52p ONCOLYTICS BIOTECH : IIROC Trade Halt - Oncolytics Biotech Inc.
03:52p Ascendiant Client, Cheticamp Fisheries, Acquired by Champlain Financial Corporation
03:51p NATIONAL SECURITY : Urban Roads To The Rescue
03:51p GCB BANK : 'One District, One Factory' Wins GHS1bn GCB Support
03:51p ROBIT : Has made an application for the listing of 5 million new shares and publishes the listing prospectus
03:51p EDGEWELL PERSONAL CARE : (TM) Personal Care Launches Direct-To-Consumer Website SchickHydro.com
03:51p Extensive Personalized Medicine, Targeted Therapeutics and Companion Diagnostic Market Analysis & Forecasts 2017 to 2021
03:51p GEICO : Hosts Special Hiring Event in Columbus May 31 and June 1 for Auto Damage Trainees
03:50p AFRICAN DEVELOPMENT BANK : Development of Africa’s human capital for industrialization dominates Africa-Asia partnerships talks
Latest news
Advertisement
Hot News 
5.21%Weak sales, supply disruption take toll on Kingfisher
-2.43%German prosecutor says is in touch with U.S. authorities on Daimler
-1.50%BABCOCK INTERNATIONAL : profit climbs, says long-term contracts underpin revenues
0.76%Big stock investors establish Greek foothold in patient bet
3.46%LINDE BOARD TO VOTE ON PRAXAIR DEAL NEXT WEEK : WirtschaftsWoche
Most Read News
06:54a Moody's downgrades China, warns of fading financial strength as debt mounts
04:07a BUNGE : says not in talks with Glencore following approach
09:33a SAFRAN : cuts Zodiac offer by 15 percent to $7.7 billion
05:30a MARKS AND SPENCER : M&S profit drops, but says recovery on track in tough market
12:16aDJNEWS HIGHLIGHTS : Top Energy News of the Day
Most recommended articles
05/22 NOBLE : shares tumble after S&P ratings downgrade
09:42a TSX edges lower ahead of Bank of Canada; Bank of Montreal falls
09:33a SAFRAN : cuts Zodiac offer by 15 percent to $7.7 billion
09:32a Citi struggles to bring back shine to its Mexican crown jewel
09:31a INTESA SANPAOLO : CEO criticises EU over Italy bank bailout terms