Finance & markets · 22/07/2019Updated: 10/17/2026 · 1 min read
US Agencies Adopt Simplified Capital Rule for Community Banking Organizations
Summary
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are adopting a final rule to simplify certain aspects of the capital rule, primarily benefiting community banking organizations, in response to the Economic Growth and Regulatory Paperwork Reduction Act of 1996.