Federal banking regulators kicked off their decennial review of agency rules under the Economic Growth and Regulatory Paperwork Reduction Act.
Background: The prudential banking regulators conduct reviews every 10 years to identify outdated or otherwise unnecessary regulatory requirements on insured depository institutions and their holding companies.
Details: In an initial Federal Register notice, the agencies:
Requested comment on regulations concerning applications and reporting, powers and activities, and international operations.
Said they will publish three additional Federal Register notices over the next two years requesting comment on other regulatory categories.
More: Previous EGRPRA reviews have led to relief related to the quarterly call report, real estate appraisals, and FDIC disclosure requirements. ICBA is reviewing the notice and will submit comments.