The risk assessments provide bankers with more flexibility to tailor security measures to better safeguard their customers . . . than would a mandate from regulators. |
There has been quite a bit of interest and that's why we want to hold these hearings. |
They've got a good cushion of capital there. |
This is a way of ensuring that inflation will no longer chip away at the amount of deposit insurance coverage. |
too early to have any estimates of the financial loss to banks. |
We disagree with the opinion and don't think it was supported by the facts, which is the main reason why we appealed. |
We don't reject that many applications. |
We don't think that this will delay a decision on the application. There's still a lot that needs to be done behind the scenes on the application. While we're doing that, we can hold a hearing simultaneously. |
We expect banks to perform a risk analysis, and, based on that risk analysis, provide an extra layer of security by the end of the year. |
We have had some failures in the past where people have had considerable amounts of money in individual retirement accounts. They've suffered significant losses. But that coverage will go up to $250,000 per person when we change this rule. |
We have to balance the ease and convenience with security. If we don't do anything, criminals will become more sophisticated in separating people and their money. |
We strongly disagree with the ruling, |
We strongly disagree with the ruling. It's not supported by the facts of the case. |
We will need to find a new chairman and secretary and I would like to extend my appreciation to both of them for all their hard work over the years. |
We're not overly concerned. There is still time for them to get their houses together and we are monitoring them closely. |