Are regulatory exams about to get better for Community Banks?

The Federal Reserve, OCC, and FDIC are all working on slimming down exam requirements for Community Banks. Some of the potential changes include regulatory actions such as “matters requiring attention,” scrapping any requirements that are not found in law or regulation, increasing the existing threshold from $10 billion to $30 billion, changing what pre-exam documentation is required, and tailoring supervision around risks from a banks business model. This episode examined an article from Bank Director titled “Community Bank exams are about to change.” A link to the article is included below.

Link: Community Bank Exams Are About To Change | Bank Director