Barb, thanks for the nice summary. At our $20bil bank I don't anticipate that the bill, while welcomed for the industry, will change much for us - we will still continue to invest in regulatory and compliance related activities with top notch people; we'll still be building better "three lines of defense", better modeling and model validation with rocket scientists, better internal control systems, better ERM, etc. and regulatory examiners will still have high and demanding expectations for us in all respects.
Howard Gould
(626)335-5707
(213)618-1359 cell
(626)335-0827 fax
hgould2120@aol.com
(626)335-5707
(213)618-1359 cell
(626)335-0827 fax
hgould2120@aol.com
------Original Message------
After clearing the Senate last week, the Economic Growth, Regulatory Relief and Consumer Protection Act moved to the House where Republicans declared they would not be "rubber stamping" the bipartisan bill, The New York Times reported.
So today's questions are these: Do you think reg relief will become law? If so, which provision will be most helpful to your bank? And, if you could add one provision to the bill, what would it be?
P.S. Here's a helpful summary of Sen. Crapo's bill and a concise analysis.
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Barb Rehm
Promontory Interfinancial Network
Arlington VA
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