FIRST LOOK: COMMUNITY BANKS SEEK LIGHTER REPORTING
Post# of 63696
Posted On: 07/09/2014 10:04:45 AM
FIRST LOOK: COMMUNITY BANKS SEEK LIGHTER REPORTING — Per ICBA release out this morning: “The Independent Community Bankers of America … [will release] the results of a new survey that shows the increasing and unnecessary regulatory burden that quarterly reporting requirements impose on community banks. … According to the 2014 ICBA Community Bank Call Report Burden Survey, the annual cost of preparing the call report has increased for 86 percent of respondents over the past 10 years. …
“To mitigate these rising regulatory burdens, ICBA is proposing that highly rated, well-capitalized community banks be allowed to file file a short-form call report covering the first and third quarters and a long-form call report for the second and fourth quarters”
http://bit.ly/1znS8tV
“To mitigate these rising regulatory burdens, ICBA is proposing that highly rated, well-capitalized community banks be allowed to file file a short-form call report covering the first and third quarters and a long-form call report for the second and fourth quarters”
http://bit.ly/1znS8tV
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