BIS central bankers’ speeches  5  Banking regulators have taken a number of steps to try to avoid unnecessary regulatory costs for community banks, such as fashioning simpler compliance requirements and identifying which provisions of new regulations are of relevance to smaller banks.
But a number of new statutory provisions apply explicitly to some smaller banks or, by failing to exclude any banks from coverage, apply to all banks. This means that smaller banks do need to expend at least some compliance effort.