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

Wednesday, June 21, 2017

ABA Seeks Pause on Basel Transition Period

ABA wrote to the heads of the federal regulatory agencies requesting that regulators pause the Basel III transition period until projected amendments to the risk-based capital standards can be promulgated.

The agencies earlier this year acknowledged in a joint Economic Growth and Regulatory Paperwork Reduction Act report that many of the Basel rules were “too complex given community banks’ size, risk profile, condition, and complexity,” and announced that they would propose amendments to simplify the regulatory capital treatment for mortgage servicing assets, timing difference deferred tax assets and holdings of regulatory capital instruments issued by financial institutions. These changes were echoed by the Treasury Department in its report on regulatory reform. The association explained its position in the letter:

[ABA] share[s] the view that regulatory capital standards are more complex than necessary for the intended prudential supervisory value. This is an appropriate time to consider the effectiveness of prudential supervision standards implemented in recent years, with a view toward how they can be improved. 
Read the letter

No comments:

Post a Comment

Please read our comment policy before making a comment.