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McWilliams Touts Capital Plan ICBA Working To Strengthen

McWilliams Touts Capital Plan ICBA Working to Strengthen

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.

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