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.
Sharjah: Car dealerships in the UAE are aggressively increasing the number of special deals on auto financing -- even sharing part of the down payment with customers -- to ease the impact on sales from the Central
Bank regulations, they said.
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.
How have reforms to
bank regulations and supervisory practices affected national banking systems?
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.
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.
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.
The ILC charter developed out of exceptions written into
bank regulations, exempting them from the Bank Holding Company Act, which prevents non-financial entities from controlling banks.
We were able to make concrete progress on
bank regulations and banking responsibility.
His strong background in banking, compliance, and
bank regulations will enable us to enhance the Company's competitive position and better serve our customers, shareholders and our valued employees," Oka noted.
