ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.
Proposal Rule: The FDIC, Federal Reserve, and OCC proposal would revise the measurement of risk-weighted assets and the definition of regulatory capital for banking organizations with at least $100 billion in assets. The agencies explicitly said the proposal would not apply to community banks.
ICBA Advocacy: ICBA has called on policymakers to ensure the new rules do not affect community banks and commended Fed Vice Chair for Supervision Michael Barr for saying new capital and debt requirements should apply to banks over $100 billion or more in assets.
Resources: The ICBA National Campaign—a national public awareness campaign that launched in March to elevate community banks among consumers—has supported ICBA’s efforts to differentiate community banks from larger institutions in the wake of this year’s large bank failures. Read ICBA’s summary.