ICBA to participate in panels at EGRPRA meeting this month

ICBA will be participating in two panels during this month’s Economic Growth and Regulatory Paperwork Reduction Act outreach meeting in Washington, D.C.

Details: At the March 26 meeting:

• ICBA Vice President of Safety and Soundness and Regulatory Counsel Amy Ledig will be part of the Enhancing the Effectiveness of Supervision panel, which will focus on risk assessment, the examination process, risk remediation, transparency and due process, and supervisory coordination between regulators.

• ICBA Senior Vice President and Regulatory Counsel Michael Emancipator will be on the Facilitating Innovation panel, which will cover de novo and M&A applications, digital assets, payments, and service providers.

Background: EGRPRA requires the federal banking agencies to review their regulations every 10 years to identify outdated, unnecessary, or unduly burdensome regulations, allowing community bankers to articulate concerns with regulatory burden and its impact on local communities.

Access: The meeting will take place at the Federal Reserve Board building and will be livestreamed online.

Past ICBA Comments: In a letter to banking regulators last fall in the final round of comments under regulators’ EGRPRA review, ICBA recommended ways the agencies can reduce regulatory burdens on community banks.