Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

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.

Check dodd-frank.com frequently for updates on the Dodd-Frank Act and other important securities law matters.

 

4 Responses to Bernanke: Dodd-Frank for Big Banks; Bair: Dodd-Frank Good For Community Banks

[…] Deputy Secretary of the Treasury Neal Wolin gave another plug for the benefits of Dodd-Frank for community banks on the Treasury Department blog.  Its as if all the regulators keep saying the same things over and over they hope the bankers will eventually believe that Dodd-Frank is all upside and no down side.  See previous statements by Mr. Bernanke and Ms. Bair here. […]

[…] Deputy Secretary of the Treasury Neal Wolin gave another plug for the benefits of Dodd-Frank for community banks on the Treasury Department blog.  Its as if all the regulators keep saying the same things over and over they hope the bankers will eventually believe that Dodd-Frank is all upside and no down side.  See previous statements by Mr. Bernanke and Ms. Bair here. […]

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