"We welcome the proposal to modify the CAMELS rating system, and federal regulators' focus on material financial risks rather than policies, procedures and paperwork. As we have shared previously, there are opportunities to make thoughtful improvements to the CAMELS framework that prioritize safety and soundness without imposing unnecessary compliance burdens that take banks' time and resources away from serving their customers and communities. We look forward to reviewing the proposal with members and sharing our perspective during the comment process."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $25.3 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.1 trillion in deposits and extend $13.5 trillion in loans.