Articles
Bank Director Regulatory Burden Report
American Association of Bank Directors
In response to President Obama's initiatives to identify and reduce unnecessary governmental burdens on the private sector, the American Association of Bank Directors ("AABD") initiated a review of laws, regulations, and federal banking agency regulatory guidance that direct bank boards of directors to take certain action. After months of review, AABD found in excess of eight hundred such provisions. They were not easy to find, spread over numerous issuances and pronouncements, with no instructions to bank directors on how to find them.