Poston, EVP and CFO at Cincinnati-based Fifth Third Bancorp, focuses his testimony on the following four key points:
- The proposed capital requirements would unnecessarily burden economic activity;
- The proposed risk weights would redirect credit in an abrupt and harmful manner;
- Empirical study is needed to develop capital rules that work for the U.S. banks, large and small; and
- Capital rules for all banks should be simpler and more directionally and proportionally aligned with risks.