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FDIC vice chairman posts reg relief recommendations

FDIC Vice Chairman Thomas Hoenig recently gave his recommendations for regulatory relief. These recommendations, in his words, would be for all but about 400 of the 6,600 commercial banks in the country. None of the banks with more than $100 billion in total assets meet the criteria of the relief recommendations.

He goes on to say that traditional banks have historically been better capitalized than less traditional banks.

Click here (.pdf) to read all of his recommendations.

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