Feds Vow To Help Community Banks Meet Capital Regs

Law360, New York (October 15, 2012, 3:27 PM EDT) -- Top U.S. banking regulators on Monday defended their plans to extend increased capital requirements to community banks as a necessary tool for promoting stability following the global financial crisis, but pledged to make it easier for community banks to comply with those standards.

In a speech before the American Bankers Association in San Diego, Comptroller of the Currency Thomas Curry said that although some changes — including potentially easing the treatment of existing loans when calculating new capital levels — were necessary, community banks needed to...
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