October 29, 2012
Federal banking regulators received almost a thousand comment letters in response to their Basel III capital and risk weights proposals. The overwhelming majority of the letters clearly recognized the need for strong capital positions in the banking industry but think the regulators have gone too far with these proposals.
Community bankers from across the country highlighted the damage these misguided proposals would have on their ability to lend to consumers and small businesses, and to serve their communities. A community bank exemption to the proposals or, at a minimum, an exemption from the most harmful provisions was the clear consesus in these letters. Read the Federal Reserve Board’s comments.
You can review the comment letters and experience first-hand the thoughtful and impressive industry response to the regulators’ harmful Basel III proposals.