Bloomberg News
Slide 2 of 12
Regulatory relief for community banks
The plight of the community bank is one to which almost every politician and regulator appears to be sympathetic, and Powell is no exception.

In his testimony before the Senate Banking Committee in June, Powell cited four areas of post-crisis reform that should not be discarded: capital, liquidity, stress testing and resolution. But of the areas that should be revised, the first on his list was tailoring regulation to lessen the burden on community banks.

“We're working to build on the relief that we have provided in the areas of call reports and exam cycles by developing a proposal to simplify the generally applicable capital framework that applies to community banking organizations,” Powell said.