Yellen Will Seek to 'Tailor' Oversight of Community Banks

Wall Street Journal
Thursday, May 1, 2014

In remarks to the Independent Community Bankers of America 2014 Washington Policy Summit, Fed Chairwoman Janet Yellen addressed the regulatory challenges they face. She said the Fed would "tailor" the regulator's oversight of community banks to ensure they don't face an unfair burden. Yellen also said the Fed is working to use technology make examinations of community banks less disruptive and burdensome. She also adressed the role she sees for community banks in the economy. "I believe a healthy financial system relies on institutions of different sizes performing a variety of functions and serving different needs," Yellen said.