Access on cspan, cspan2 cspan radio and cspan. Org. Recently the Federal Reserve and Consumer Financial Protection Bureau removed some lending restrictions on small banks. Next the Senate Banking committee looks at Community Banks and federal regulations. Richard shelby of alabama chairs the hearing. Next the Senate Banking the hearing will come to order. This week the committee here on banking begins an examination of potential changes to the current regulatory structure. Today we will focus on regulatory relief for smaller Financial Institutions. In the near future we will continue this examination by focusing on unnecessary statutory and regulatory impediments across the Financial Services spectrum. While there are some who continue to argue that current law is beyond reproach, there are many on both sides of the aisle that believe improvements can and should be made. Today we will hear from regulators on some of the lessons theyve learned and how best to overcome some of the challe
What i would add to that is sometimes its a oneway change. Sometimes they might introduce systems changes. So theres an accumulation of review policy. Its hard to quantify, but thats the kind of thing were looking for. But do you think that the 90 number, do you think thats an accurate reflection . I dont have that information. I have heard in my business with bank eres, its manifested itself in Additional Resources you have to higher. Particularly as it gets more complex. But, also, diverting their attention away from lending and interacting with their Customer Base, the impact on staff, though varies with the size of the institution and the activities theyre involved in. But it is real based on what we heard from bankers. Similar to what was said before, some of the changes that were looking at different thresholds, but, also the collaborative paper that we put up is the collaboration by sharing the Work Together that could help them manage their cause and require the experience that
Where are we going to come up with paying for another Compliance Officer even though we have no exceptions. I want to ask do i have a minute . Chairman . Will you consider doddfranks plop sigss . Given that the grippa process is looking at rules that are unnecessary, most of the rules have never been itch leapted yet or have taken the fact. Soo it is not we feel, appropriate to look at those rules at this time. Is it fru we wont have another study for 19 years . If we deent include dod frank . Its part of our normal practice. We looked at on an on going basis whether rules are appropriate in terms of still relevant. And we will make changes. Thank you very much for being here. Senator . Thank you, mr. Chairman. I think youre getting a theme here that this is not a partisan issue. This is not something that theres a lot of disagreement on this skmit tee about. Were deeply concerned about the status of communitybase in this country. I look at this in kind of duodifferent ways. First youv
Former Prime Minister, run con, has accused the Prime Minister, interior minister and head of the Intelligence Services of attempting to assassinate con, with shelter the leg. 3 approaches marshal thursday. Government denies involvement. Co hider has more from slumber. Indeed, in hospital in stable condition. Ive spoken to some of the people who are close to him, ron con, saying that he wanted to go home. And he was determined to continue with that long march. Now it Party Leadership had denounced that day will be countrywide broadcast after friday. Bred that these projects was continue until the demands are met. Of course, the demands are calling for an early election. South koreas military has deployed fight to jet self to touch, see about 118 north korean war plains near the border. It follows a series of missile launches by pyongyang. The german chancellor has met china as president begging the visitors the 1st to china by g. Several leaders. And to start of the pandemic cheating,
Minister m ron con, is currently addressing the media for the 1st time since he was wounded and a gun attack on fasting his party as accusing the current Prime Minister and to cabinet members of attempting and assassination, the government and i as involvement the russian president says civilians should be evacuated from ukraines kasan region as keeps trips pushed farther south. Vladimir putin made the comments as he marked russias national day of unity on friday. Its his 1st acknowledgement of just how volatile the battle for cason has become to finish the victim. Now of course, those living in hillstone should be removed from the zone with the most dangerous military actions taking place. Because the civilian population should not suffer from the shelling from the offensive counter offensive, or any other actions connected to the ongoing military activities. Meanwhile, german chancellor le shelter called on china to thats influence on russia. Schultz is the 1st g 7 needed to visit be