Robert Wilmers, the chairman and CEO of M&T Bank, is known as a sensible man on subjects regarding his profession, including the role of government regulation. So it’s worth paying attention to his observations about Washington’s broadly drawn oversight of the nation’s banks.
His point, repeatedly made, is that regulations that make sense for megabanks are punitive for regional banks that have less influence on the economy and fewer resources to comply with the regulation. It’s a fair point.
Read the rest of the editorial from Buffalo News.