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US banking agencies issued an interim final rule on 10 September expanding the group of community banks eligible for an 18-month on-site examination cycle. The change raises the asset threshold for certain supervised institutions from $3 billion to $6 billion.
Eligible banks must meet statutory standards, including being well managed and well capitalised. Regulators said off-site monitoring between scheduled examinations will continue. The rule also makes parallel changes for US branches and agencies of foreign banks; it takes effect upon Federal Register publication, with comments accepted for 30 days.