August 27, 2012
The Independent Community Bankers of America (ICBA) is circulating a petition urging the federal banking regulators to exempt community banks from the proposed implementation of Basel III in the United States and to allow community banks to continue operating under Basel I capital regulations.
The joint proposed rules would extend stricter capital standards to banks of all sizes, not just the large and complex financial institutions that caused the financial crisis. This one-sized-fits-all regulatory approach represents a significant regulatory burden, could limit lending in main street communities, and could also threaten the very existence of many community banks.
Please follow this link and encourage all of your directors, employees, customers, and family members to sign the petition today!