Fed proposes further regulatory loosening for small firms
Governor Lael Brainard voted against the last proposed reductions in regulation
US agencies including the Federal Reserve propose to expand the number of financial institutions that are eligible for “streamlined reporting”, in another effort to loosen the regulatory burden on the financial sector.
The proposal would benefit small institutions that have less than $5 billion in total assets and do not engage in certain complex or international activities. It permits them to file the most streamlined version of the ‘Call Report’, a form of regulatory reporting.
The agencies
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