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State Regulators Oppose Basel III Proposals

Posted on 10/4/2012

"The Conference of State Bank Supervisors supports higher levels of required minimum capital and an improvement to the overall quality of capital," the organization of state banking regulators said yesterday. "However, we are opposed to the proposed approach put forth by the federal banking agencies to implement the Basel III capital accord and to incorporate a standardized approach for risk-weighted assets."

CSBS explained that they believe higher capital levels can be achieved "without increasing the complexity of capital," and that the regulators "have an obligation to provide empirical support for their recommended course of action, especially related to the risk-weights."

"CSBS will file comment letters on the Basel III and Standardized Approach proposals later this month," their statement concluded. "In the letters, we will ask the agencies to not advance the proposed rules and encourage them to seek out a more meaningful and less complex capital framework that promotes a strong banking system and provides a foundation for a healthy and growing economy throughout the United States."

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