Commonsense regulations help to ensure the safety and stability of the overall banking system. However, sometimes overly general regulations hinder banks from providing much-needed resources to consumers and businesses in their communities.
Regulations Should Be Efficient, Effective, and Appropriately Tailored
Instead of the one-size-fits-all approach, regulations should be matched to banks according to size, risk portfolio, and business model. A more thoughtful and analytical assessment would ensure banks continue to be held to high standards, while recognizing each bank may operate differently to best serve their customers. Tailoring regulation to account for the differences between banks, their sizes and risk portfolios, is the most effective way to ensure banks can continue doing what they do best: serving communities and helping America’s economy grow.
Learn more in-depth about regulations here.