Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Thursday, March 30, 2017

Savarese Op-Ed: Growth Depends on ‘Common-Sense Reg Reform’

The biggest obstacle in the way of banks’ ability to create jobs and grow the economy is a framework of overly prescriptive rules and “one-size-fits-all” regulations, ABA Chairman and chairman, president and CEO of Cape Cod Five Cents Savings Bank, Dorothy Savarese wrote in a Fox Business op-ed.

Recapping ABA’s Government Relations Summit and the recent community banker meeting with President Trump that Savarese attended, she said she was encouraged that the president and lawmakers of both parties “acknowledge the need for common-sense changes – regulatory calibrations that can kick-start our economy while maintaining a financial system that is safe, sound and resilient.”

Savarese wrote:
These are changes bankers seek not for our own sake, but for those we serve. Because we know that when the full potential of America’s banks to drive economic growth is realized, our customers, communities and country thrive.
Read the op-ed.

No comments:

Post a Comment

Please read our comment policy before making a comment.