Jan. 14, 2019
Policymakers have made the bank regulatory system “way too complicated for the banks that are not that complicated,” FDIC Chairman Jelena McWilliams said.
Speaking in Washington, McWilliams said a key priority of hers is simplifying capital requirements for community banks, a longtime ICBA priority required by the S. 2155 regulatory relief law.
The regulators in November 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 capital 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.