Frank pressures regulators (Dealscape

House Financial Services Committee Chairman Barney Frank, D-Mass., is calling on banking regulators in Washington to rein in field examiners who he says are becoming "inappropriately tougher" in their reviews of community banks' loan portfolios.

Frank said that examiners' actions threaten to create a "death spiral" caused by sales of assets at fire-sale prices, declining local market appraisals and devaluations of other assets. The actions also could deny banks' access to brokered deposits and other sources of liquidity.

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NOT A SUBSCRIBER? Frank pressures regulators Posted on November 4, 2009 1:30 PM House Financial Services Committee Chairman Barney Frank, D-Mass., is calling on banking regulators in Washington to rein in field examiners who he says are becoming "inappropriately tougher" in their reviews of community banks' loan portfolios. Frank said that examiners' actions threaten to create a "death spiral" caused by sales of assets at fire-sale prices, declining local market appraisals and devaluations of other assets. The actions also could deny banks' access to brokered deposits and other sources of liquidity. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 430 in-depth reports of Auctions in the Financial Services sector 291 articles related to Barney Frank 149 in-depth reports of PE deals in the Financial Services sector 133 in-depth records of Bankruptcy warnings in the Financial Services sector 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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