This review seeks to identify opportunities to streamline regulatory procedures and requirements when such changes would be consistent with maintaining bank safety and soundness. The Board has also supported various legislative changes that would ease regulatory burden.
These include a recently proposed change that would permit supervisors to extend the time between on-site examinations to eighteen months for well-managed and well-capitalized banks with up to $ million in assets. This change would double the current size threshold and has the potential to allow roughly 1,200 more community institutions to qualify for the extended examination cycle.