Logo: Independent Community Bankers of America - ICBA The Nation's Voice for Community Banks (R)
Username:
Password:

Graphic: Arrow Forgot password?
Graphic: Arrow Request Login
Contact ICBA Site Map Search ICBA
ArrowICBA Home
ArrowAbout ICBA
ArrowAbout Community Banking
ArrowAdvocacy
ArrowConsumer Education & Resources
ArrowEducation
ArrowConvention
ArrowIndustry Resources
ArrowMarketing Resources
ArrowMembership
ArrowPress Room
ArrowSocial Media
ArrowMain Street Market®
ArrowPublications





Members Only = Access Restricted
Last update: 04/18/14

ICBA News Release

ICBA Independent Community Bankers of America

Media Contact
Karen Tyson 
(202) 821-4454

Media Contact
Bill Grassano
(202) 821-4457

 

FOR IMMEDIATE RELEASE

ICBA Praises FDIC Chairman’s Remarks Concerning Basel II

Washington, D.C. (February 26, 2007)—The Independent Community Bankers of America (ICBA) commended Federal Deposit Insurance Corporation Chairman Sheila Bair for her remarks before the Global Association of Risk Professionals concerning the implementation of Basel II capital rules.

"ICBA strongly supports the retention of the leverage ratio and the transitional safeguards for the Basel II banks," said Camden Fine, ICBA president and CEO. "We agree with Chairman Bair that the U.S. banking system would be significantly and adversely impacted if the leverage ratio and the safeguards were removed and the large banks experienced unrestrained double digit reductions in bank capital requirements."

Chairman Bair also said that she was troubled by the tenor of recent discussions about international competition and Basel II and that a race to the bottom in bank capital standards would be a profoundly negative development for the future stability and health of the global financial system.

"The regulators should never consider putting our entire banking system in jeopardy because a few banks claim that they need lower capital requirements to compete internationally," said Fine. "While ICBA believes that the Basel II banks should be able to use the standardized approach to compute their regulatory capital requirements, we do not support the reduction in capital requirements for the Basel II banks or any modification to the leverage ratio or the transitional safeguards."






ArrowsPrintable version



Button: Share

All contents copyright 2014 Independent Community Bankers of America. All rights reserved.
Privacy Statement | Legal Notice