Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Monday, October 1, 2012

Oklahoma Legislators Say Basel Changes Will Hurt Banks

The members of Oklahoma’s congressional delegation last week told the federal banking regulators that they’re concerned about the Basel III proposals developed for large global banks being imposed on institutions of all sizes, including small community banks in their home state’s rural areas.
[The] change in the definition of capital and the increase in the risk weights of many asset classes will squeeze banks even as their broader regulatory burdens are increasing... Many banks will simply stop making loans in certain lending areas because of the new risk-weighting requirements being imposed by your regulations. This is to the detriment of Oklahoma banks and the communities they serve.
The lawmakers also asked the regulators to answer several questions, including how they measured the Basel III proposals’ impact on small banks, why the proposals are being assessed on small institutions in the same way as large ones, and whether the Federal Reserve intends to exempt smaller banks from the proposals.

Read the letter.

No comments:

Post a Comment

Please read our comment policy before making a comment.