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FDIC Chair McWilliams: Simplify Capital Requirements For Community Banks

FDIC Chair Jelena McWilliams said that policymakers have made the bank regulatory system “way too complicated for the banks that are not that complicated.” McWilliams said one of her key priorities is simplifying capital requirements for community banks, a longtime ICBA & IBANYS priority that was required by the S. 2155 regulatory relief law.

In November, the regulators proposed a community bank leverage ratio of 9 percent that banks under $10 billion in assets would need to meet to be exempt from all risk-based capital requirements. Responding to the proposal, ICBA said the plan needlessly leaves out more than 600 community banks that would be eligible if the ratio were set at 8 percent, as authorized by Congress. ICBA is developing formal comments.

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