Nov. 15 (Bloomberg) — The Federal Reserve is looking for ways to speed up its review of bank mergers, Chairman Ben S. Bernanke said today.

The Fed chairman said the U.S. central bank has “commissioned an internal review” of its processes for reviewing applications and notices for mergers and other acquisitions.

“This review is intended to help us find ways to reduce the inefficiencies and delays in that process,” Bernanke said in a Nov. 8 letter to Cass Sunstein, the administrator at the Office of Information and Regulatory Affairs at the White House’s Office of Management and Budge

via Bernanke Says Fed Looking at Ways to Speed Up Merger Reviews – Businessweek.