Regulators Grilled Over Community Banks’ Basel Burden
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U.S. banking regulators will write capital rules shaped by community-banker concerns that the proposals are too harsh, agency officials told critical lawmakers at a hearing today.
The Senate Banking Committee questioned officials from agencies seeking to adopt tighter international capital rules adopted by the Basel Committee on Banking Supervision. The regulators want to make the transition as easy as possible for community banks, according to the Office of the Comptroller of the Currency, Federal Reserve and Federal Deposit Insurance Corp.