State Banking Regulators Oppose Feds' Proposed Capital Rules

Law360, New York (October 3, 2012, 5:59 PM EDT) -- The Conference of State Bank Supervisors on Wednesday joined the growing chorus of opposition to federal banking agencies’ proposal to implement Basel III capital requirements in the U.S., saying they are too complicated and will hinder small businesses seeking credit.

The group said while it does believe in higher capital levels, the U.S. could achieve them in a less complex manner than by imposing the Basel III capital accord and incorporating a standardized approach for risk-weighted assets, as the agencies have proposed.

The CSBS also argues...
To view the full article, register now.