Each of Fed Chairman Ben Bernanke and FDIC Chairman Sheila Bair each delivered remarks to the Independent Community Bankers of America National Convention. 

Bernanke stated “it is worth emphasizing that the changes we will be seeing in the financial regulatory architecture are principally directed at our largest and most complex financial firms.”  Bernanke went on to discuss stronger capital and leverage ratios, checks on acquisitions and the Volcker rule.

Bair stated Dodd-Frank “is a good law and one which I think will strengthen, not weaken, community banks.”  Bair went on to discuss increased deposit insurance limits and fairer assessments for deposit insurance coverage, enhanced FDIC resolution authority and more robust capital cushions.

We’re not sure all community banks agree.

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