Today, 18 CEOs representing regional banks across the country sent a letter to Leader Mitch McConnell, Speaker Ryan, Minority Leader Schumer, and Minority Leader Pelosi outlining the banks’ priorities for the 115th Congress.
In conjunction with the letter’s release, RBC spokesperson Matt Well issued the following statement:
“Across the country, regional banks play a vital role in local economies, providing critical funding to businesses and commercials projects to make communities stronger. Unfortunately, the current one-size-fits-all regulatory environment keeps these institutions from best serving their communities during these critical years of post-recession recovery. Regulations based on asset thresholds keep the financial system from being as safe and sound as possible. A multi-factored approach to risk keeps banks appropriately regulated while ensuring banking customers have access to the support needed. We look forward to working with Congress to move towards a properly calibrated regulatory environment.”
Read the full of the letter here.