regulatory approvals Regulators generally require that banks make their own credit decisions be upgraded for example to offer more features such as deposit taking through check scanning at more cos ID: 883473
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1 Committee on Banking, Housing and Urban
Committee on Banking, Housing and Urban Affairs in February. The subject of the hearing was ÒRegulatory Relief for Community Banks and Credit Unions.Ó The regulators described the importance of community banks to the f
2 inancial system and the economy; and exp
inancial system and the economy; and expressed their commitment to tailor their supervision and rule making to a bankÕs size and complexity. regulatory approvals. Regulators generally require that banks make their own
3 credit decisions be upgraded - for exa
credit decisions be upgraded - for example to offer more features such as deposit taking through check scanning Ð at more cost. Many community banks will still need to achieve greater scale through organic growth or
4 mergers and acquisitions. Boards of Dir
mergers and acquisitions. Boards of Directors and bank executive management will be constantly challenged to reach the scale that permits them to be competitive and gain access to capital in the public or private mark