Chair Yellen Discusses “Vital Role” of Community Banks in U.S. Financial System
Federal Reserve Chair Janet Yellen gave welcoming remarks during the 5th Annual Community Banking in the 21st Century
research and policy conference, presented jointly by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS). Yellen discussed the Fed’s recent efforts to ensure that its regulation and supervision of community banks is tailored appropriately to the size, complexity, and role different institutions play in the financial system. She also highlighted the work the Fed, along with other state and federal regulators, is taking to reduce the regulatory burden on community banks and other smaller, less complex institutions.
Read Chair Yellen's remarks.
Watch video of Chair Yellen's remarks.