Yellen Says Fed Is Working on Tailoring Regulations to Bank Size
- Policy makers focused on limiting burden on community lenders
- Fed chair delivers opening remarks at St. Louis conference
Janet Yellen
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Chair Janet Yellen said the U.S. central bank has been working to ensure that regulations are tailored to the size, complexity and roles of the lenders it oversees.
“For community banks, which by and large avoided the risky business practices that contributed to the financial crisis, we have been focused on making sure that much-needed improvements to regulation and supervision since the crisis are appropriate and not unduly burdensome,” Yellen said Wednesday.