US bank regulators will review rules for being 'outdated or unnecessary'

Three US bank regulators are starting a multi-year review of their own rules. They will ask the public which rules are now outdated or unnecessary for banks and their holding companies.

Every few years, Congress orders bank regulators to clean up their rulebooks. This process often leads to small, technical changes that can have big effects on how banks operate and what they can offer customers. The current review focuses on rules about how banks operate, how they manage risk, and how they handle securities.