Whenever we put out a regulation--an example would be our recent capital regulations implementing Basel III--we put out a special guide to show what is relevant to community banks, that they can ignore and are not affected by the rest.
Yellen explains efforts to tailor regulations for community banks to reduce their burden.
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the odds of reaching June 15th, while being able to pay all of our bills, is quite low.
I think this is an area where congressional legislation is appropriate to create an appropriate prudential framework.
That those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.
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