| Top News: |
| ICBA’s Loving Express Reg Concerns at Hearing |
| ICBA Chairman-Elect William A. Loving Jr. told Congress that proposed Basel III regulatory capital standards pose a grave threat to the nation’s community banks and economic recovery. Read more. |
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| Fine: Imposing Basel III on Community Banks “Insane” |
| Community bank Basel III concerns also were the subject of a Fox Business Network interview with ICBA President and CEO Cam Fine. Read more. |
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| Other News: Click Headline for Story |
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Congress |
| ICBA’s Loving Express Reg Concerns at Hearing |
| ICBA Chairman-Elect William A. Loving Jr. told Congress that proposed Basel III regulatory capital standards pose a grave threat to the nation’s community banks and economic recovery. Testifying at a House Financial Services subcommittee field hearing in Charleston, W.Va., Loving said that new risk weights on certain residential mortgages and other Basel III regulations would lead to further consolidation in the banking industry. He also expressed concerns with ability-to-pay mortgage requirements and municipal advisor registration and called on Congress to extend the FDIC’s transaction account guarantee (TAG) program. Read Loving’s Testimony. |
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In the News |
| Fine: Imposing Basel III on Community Banks “Insane” |
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Community bank Basel III concerns also were the subject of a Fox Business Network interview with ICBA President and CEO Cam Fine. Fine said that the capital standards were designed for the largest, internationally active financial institutions, but the regulators’ proposed rules would implement them across the board in the United States. “So even a little $50 million–asset bank would have to comply with Basel III, and that’s just insane,” Fine said.
ICBA is urging community bankers and industry allies to sign a petition calling on regulators to exempt community banks from proposed Basel III capital rules and to allow community banks to continue operating under Basel I capital regulations. Sign the Petition. Learn More.
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Capital Rules |
| ICBA Seeking Basel Feedback |
| In related news, ICBA is encouraging community bankers to complete a survey on the potential impact of the proposed Basel III regulatory capital rules on their bank. The survey results will help ICBA develop formal comments on the proposed rules, which would impose new capital and risk-weighting mandates on all banks. Survey responses are due by Friday, Aug. 31. Take the Survey. |
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Regulators |
| ICBA Backs Consistent Standards on Orderly Liquidation |
| ICBA said it agrees with the FDIC’s proposal to amend its proposed definition of “financial activities” to be consistent with the Federal Reserve’s interpretation. The proposals were released as part of the FDIC’s orderly liquidation rules for systemically risky financial institutions. ICBA wrote in a comment letter that inconsistent interpretations could frustrate congressional intent to provide for the liquidation of failing financial companies that pose a significant risk to the nation’s financial stability. |
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Regulators |
| Treasury Names New FinCEN Director |
| Treasury announced that Jennifer Shasky Calvery was named the new director of the Financial Crimes Enforcement Network. Shasky Calvery is expected to begin her duties next month and will replace outgoing director Jim Freis, who has served as director for the past five years. |
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Marketing |
| NACHA New Sponsor of ICBA Social Media Monitor |
| ICBA announced that NACHA—The Electronic Payments Association is the new sponsor of its social media monitoring solution. The ICBA Social Media Monitor allows ICBA members to monitor what is being said about their bank, its brand, and the products and services it offers. ICBA Social Media Monitoring searches millions of tweets, Facebook posts, blogs and hundreds of other social networks for any mention of a community bank’s brand, staff and competitors. Read ICBA Release. Learn More. |
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Education |
| Credit Analysis Seminar This Fall |
| ICBA is hosting seminars in October to help community banks with credit analysis and preparing call reports. “Credit Analysis,” scheduled for Oct. 10-11 in Minneapolis, will feature how to assess the degree of risk prior to approving or declining credit requests and how to improve the documentation of commercial loan files. “Call Report Preparation,” scheduled for Oct. 15-16 in Kansas City, Mo., will feature procedures for efficient preparation, common errors and the implications of recent accounting changes. |
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Products and Services |
| Free Webinar: Economic Game Changers and the Impact to Ag Lending |
| WebEquity Solutions, the ICBA Preferred Service Provider for commercial and agricultural lending software, is hosting a webinar to discuss major game changers influencing the agriculture landscape and how world economics is affecting land values, commodities and input costs. “The Wild World of Global Economics,” scheduled for 2 p.m. (Eastern time) Thursday, Aug. 30, will be presented by David Kohl, agricultural economics professor emeritus at Virginia Tech. Register Online. |
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ICBA NewsWatch Today
Published by the Independent Community Bankers of America
© 2012 ICBA
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