Top U.S. Bank Regulator to Increase Transparency of Merger Reviews

A top U.S. bank regulator on Monday proposed new regulations for bank mergers and acquisitions (M&A) in a bid to increase transparency around the process, while ensuring some deals do not slide through automatically without sufficient scrutiny.
The move by the Office of the Comptroller of the Currency (OCC) comes amid industry criticism that regulators are too opaque in their handling of bank deals, and as analysts expect more consolidation among small lenders struggling with flagging margins.
Monday’s proposal details the types of deals that would typically secure approval and the issues that could complicate or derail transactions, Michael Hsu, the acting comptroller, told Reuters in an interview ahead of its publication.
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