Washington, D.C. – BPI issued the following statement regarding the Federal Reserve’s proposal to modernize Regulation O.
“The Federal Reserve’s proposal is a common-sense reform that would cut bureaucratic red tape and reduce unnecessary compliance burdens. We encourage all banking regulators to continue implementing these types of policy reforms that align regulations with modern banking practices, while having no detrimental effect on safety and soundness.”
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About Bank Policy Institute
The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud and other information security issues.
Media Contact
Sam Fabens
Bank Policy Institute
sam.fabens@bpi.com
