Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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The federal bank regulatory agencies today published the first of a series of requests for comments to identify outdated, unnecessary, or unduly burdensome regulations imposed on insured depository institutions.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report to Congress on any significant issues raised by the comments, and identify areas of regulations that are outdated, unnecessary or unduly burdensome.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
React to this article
Latest news
Date Title
10:21a PROTON POWER SYSTEMS : Up On EUR1.8 Million Fuel Cell Order
10:20a BASF SE : Industrial chemicals unit helps limit BASF's first-quarter profit fall
10:20a Porsche SE expects to swing back to profit in 2016
10:20a DW CATALYST FUND LIMITED - March Portfolio Report
10:19a RECKITT BENCKISER : Shareholders Advised To Vote Against Remuneration
10:19a FBD : Aims For Profitable Underwriting By Fourth Quarter
10:19aDJNanoco Group Gets First Royalty Payment from Dow Chemical Company
10:18a ZIMPLATS : Ngezi Spends U.S.$448 Million On Expansion Project
10:17a OPINION : M.J. Andersen: The big banks are still too big to fail
10:16a GANGER ROLF ASA : Key dates relating to merger between Bonheur ASA and Ganger Rolf ASA
Latest news
Advertisement
Hot News 
AVOLON : sustains strong performance as fleet increases to over 400 aircraft
DISTIL : On Track For Full Year As Fourth-Quarter Sales Surge
PROTON POWER SYSTEMS : Up On EUR1.8 Million Fuel Cell Order
EASTERN EUROPEAN PROPERTY FUND : Sells Final Offices In Istanbul Property
RESTAURANT : warns on full-year profit outlook
Most Read News
04/28 ARENA AUSTRALIAN RENEWABLE ENERGY AGENCY : supporting Australia’s largest bio-energy project
04/28 TIME DOTCOM BHD : Notice of 19th Annual General Meeting of TIME dotCom Berhad
04/28 AUSTRALIAN GREENS : Groundhog Day as Turnbull throws a lifeline to dying coal
04/28 Exclusive Press Preview of LEGO® NINJAGO® World at LEGOLAND® California Resort!
04/28 UNITED COMPANY RUSAL PLC : First Quarter 2016 Trading Update
Most recommended articles
04:20a BASF SE : Industrial chemicals unit helps limit BASF's first-quarter profit fall
04:20a Porsche SE expects to swing back to profit in 2016
04:19aDJNanoco Group Gets First Royalty Payment from Dow Chemical Company
04:15aDJTwo Telenor Executives to Resign After VimpelCom Probe
04:12aDJEUROPE MARKETS : European Stocks Slide As GDP Data, Earnings Stream In