Remarks by FDIC Acting Chairman Martin J. Gruenberg to the American Banker Regulatory Symposium

In the American Banker Regulatory Symposium, Martin J. Gruenberg (Acting Chairman, FDIC) made remarks on three topics: the conditions of the banking industry, an overview of the progress being made by the FDIC and the Federal Reserve on the resolution plans or so-called "living wills," and the FDIC's community banking initiatives. The FDIC is also taking a closer look at the examination process for risk management and compliance supervision.

Lofchie Comment: Chairman Gruenberg's speech overlaps in content to some extent with the GAO report on community banking. He mentions both regulatory costs and technology costs as potential particular burdens for small institutions; and of course the two costs are often closely related.

View speech in full here (links externally to FDIC website).