12/13/2016

Regulators

Final Rule Formalizes Exam Relief for More Than 600 Banks

The federal banking agencies finalized ICBA-advocated rules expanding eligibility for the 18-month regulatory examination cycle. Under the policy, which has been in place since Feb. 29 under interim final rules, banks with up to $1 billion in assets are eligible for the 18-month exam cycle, up from the current $500 million threshold.

According to the agencies, more than 600 institutions will qualify. The rule implements an ICBA Plan for Prosperity provision that was signed into law late last year as part of the FAST Act transportation law.