Who will regulate BB&T-SunTrust?
By Rachel Witkowski
Among the many still-unanswered questions about the proposed merger between BB&T and SunTrust Banks is which primary regulator will oversee the combined $442 billion-asset institution. The two companies are said to be still mulling which charter to seek. Each of the three federal agencies — the Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency — have points in their favor, but some observers also point to drawbacks among the choices. …It “would be more challenging for the FDIC [as] the primary regulator to take on an institution of larger … size because it doesn’t have the embedded skills like the OCC and Fed,” said Karen Shaw Petrou, a managing partner at Federal Financial Analytics. “Size does raise complexity and unique risks.”