Regional Bank Coalition Statement on President Trump's Executive Order on Financial Reform

WASHINGTON--()--The following is a statement from Regional Bank Coalition spokesperson Matt Well in response to President Trump’s executive order on financial regulatory reform, signed earlier this afternoon:

“We welcome President Trump’s executive order mandating a review of our current financial laws, including Dodd-Frank, in order to bring about a smarter, safer, and sounder financial system. Including tailored regulations as a core principle in this review will ensure institutions are held to appropriate standards while still encouraging growth. Dodd-Frank’s one-size-fits-all approach for all institutions above $50 billion has created an improperly calibrated environment that harms our institutions and our customers. Regulations determined on asset size alone fail to take into account a bank’s full risk profile and do not promote economic growth, which is needed in these critical years post-recession.

“As tailored regulations have always been a goal of RBC’s, we reiterate our support for H.R. 6392, which passed the House in December 2016 with bipartisan support. Utilizing a multi-factored approach to risk creates a properly calibrated environment that holds the riskiest banks to higher standards while helping less risky institutions, like regional banks, to focus on what they do best: lending and serving their customers.”

About the Regional Bank Coalition: The Regional Bank Coalition is a group of regional banks that support regulation based on risk and business model to ensure safety and soundness. For more information, visit or follow on Twitter @rgnlbanks.


Regional Bank Coalition
Kate Allen, 202-350-4358

Recent Stories

RSS feed for Regional Bank Coalition

Release Summary

The Regional Bank Coalition responds to President Trump's executive order with core principles for financial regulatory reform.

Regional Bank Coalition