Lawmakers Push For Small-Bank Relief In New Capital Regs

Law360, New York (November 29, 2012, 3:45 PM EST) -- Members of Congress on Thursday pushed federal banking regulators to ease proposed rules under the Basel III agreement requiring banks of all sizes to increase the quality and quantity of capital that they hold, saying that the rules could drive many community banks out of business.

At a hearing of the House Financial Services Committee's insurance and financial institutions subcommittees, representatives of the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency heard repeated criticisms from both Democrats and...
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