During Thursday’s Senate Banking Committee hearing, Chairman Mike Crapo (R-Idaho) renewed his calls for federal regulators to maximize community bank relief from risk-based capital rules, including Basel III.
In his opening statement
, Crapo called on regulators to implement an 8 percent Community Bank Leverage Ratio, which was authorized by the S. 2155 regulatory relief law and would exempt more community banks than the 9 percent threshold proposed by the agencies. Crapo has previously called for an 8 percent threshold in joint Senate letters to the agencies and in hearings featuring agency heads.
ICBA has repeatedly called on the agencies to lower the CBLR to 8 percent and led a grassroots campaign to maximize community bank comment letters on the proposal.