We created a special subcommittee of our regulatory and supervisory oversight committee to review all proposals with an eye to their effects on community banks. We have also established a Community Depository Institutions Advisory Council to enable community bankers to comment on the economy, lending conditions, supervisory policies, and other matters of interest.
The changes we will be seeing in the financial regulatory architecture as a result of the DoddFrank Act and Basel III are principally directed at our largest and most complex financial firms.