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ABA: The American Bankers Association

ABA Statement on FDIC Board Meeting

“We applaud the FDIC for approving a Community Bank Leverage Ratio that recognizes the fact that the vast majority of community banks already meet or exceed risk-based capital requirements. We also appreciate the FDIC’s emphasis that the CBLR is an optional alternative to the risk-based capital framework. While we continue to support an 8 percent CBLR, which the law provided for and which would allow hundreds of additional banks to qualify for the simpler capital framework, we believe it’s important for the FDIC to move forward with this new rule and begin implementation. We hope that as the FDIC becomes more comfortable with the CBLR, it will reassess this rule and allow community banks with ample capital to use an 8 percent ratio.

“We also appreciate the action taken by the FDIC to eliminate the redundant requirement for the posting and collecting of initial margin for inter-affiliate swaps. This sensible change will ensure that U.S. rules are consistent with international standards, which recognize that inter-affiliate swaps are used by banks to centralize risk management, further improving safety and soundness. In addition, we support the FDIC’s rule to allow banks to early adopt recent capital simplification rules relating to mortgage servicing assets and investments in trust preferred securities. Today’s FDIC actions demonstrate regulators’ recognition that simpler rules can make for better and more effective supervision that promotes safety and soundness and benefits the economy.”


About the American Bankers Association

The American Bankers Association is the voice of the nation’s $22.5 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $18 trillion in deposits and extend nearly $11 trillion in loans.

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