James Stevens, partner and co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in Zoe Sagalow’s recent article, “Lawmakers look to codify US bank regulators’ ambitious agenda.”

Commenting on the bill’s proposed three-year phase-in of capital requirements for de novo institutions, Stevens said the approach “could enable banks’ capital providers to keep their capital deployed in other investments for a longer time and then provide it to the bank when the bank is operating and needs it.”

He also addressed provisions aimed at easing examination burdens for qualifying community banks, stating, “Any time that you can lengthen the period of time between exams, which was part of this bill, or you can take different types of exams and combine them, so that the disruption happens less frequently or all at the same time, is better,” noting that “community banks will frequently have a safety and soundness exam, and then on a separate schedule, they will have compliance exams.”

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