Congress's appetite for pulling back
bank regulations shows the renewed clout of the financial sector in Washington, not just in the GOP but also among Democrats.
Some categories of exchanges may have to increase their capital and bank guarantee as per the Central
Bank regulations," he said.
Arkansas Bank commissioner, Candace Franks, has said in a testament to the Senate Banking Committee that there is a need to 'right-size' community
bank regulations.
Since last May, the dollar sales deteriorated following the imposition of new
bank regulations on the participation in the currency auction.
Lebanon's banking sector is one of the country's main strengths and strict central
bank regulations have let Lebanese banks to escape the brunt of financial crisis, prompting expatriates to transfer funds to Lebanon at an above-average rate last year.- Reuters
How have reforms to
bank regulations and supervisory practices affected national banking systems?
Using different cross-country, bank-level, and firm-level datasets and employing different econometric techniques, the initial results are broadly consistent with the predictions from a private interest view of
bank regulation.
Bank regulations and supervisory practices that force banks to disclose accurate information to the public tend to: 1) boost the development of the banking system as measured by private credit relative to Gross Domestic Product; 2) increase the efficiency of intermediation as measured by lower interest margins and bank overhead costs; and 3) reduce corruption in lending as measured by survey information from firms around the world.
Pro-competitive improvements in
bank regulations would "be reflected in improved business investment.
The best available evidence, most of which is not very precise, suggests that the total cost of all
bank regulations in 1991 (the year for which most of the studies were conducted) may have been about 12 percent to 13 percent of banks' noninterest expenses.
Overall, the cost of compliance with
bank regulations is $17 billion a year; small banks now spend one out of every four operating dollars on compliance.
We in the building business must understand that the strict enforcement of
bank regulations by outside authorities is forcing us to change the ground rules by which we develop our properties.
The OCC examiner, on the other hand, is trained in
bank regulations and is familiar with the entire banking industry.
