Banking Trades Respond to Basel Proposal

Following the release of the Basel proposal, the Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Financial Services Forum and National Bankers Association issued a joint statement:

Modernizing the U.S. bank capital framework supports consumers, job creators and communities across the country. Today's proposal marks an important step forward. We welcome regulators’ efforts to enable banks of all sizes to make more loans to American businesses and households, fueling economic growth while maintaining resilience in the banking system. We will carefully review the proposal and expect to provide feedback after assessing the impact on our members and the millions of customers they serve. We continue to appreciate regulators' willingness to hear perspective from all stakeholders, and their commitment to thoughtfully consider the cumulative effect of all capital requirements.

Media Contacts:

Josh Britton
American Bankers Association
[email protected]

Tara Payne
Bank Policy Institute
[email protected]

Weston Loyd
Consumer Bankers Association
[email protected]

Molly Moran
National Bankers Association
[email protected]

Laura Peavey
Financial Services Forum
[email protected]

About the American Bankers Association

The American Bankers Association is the voice of the nation’s $25.3 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.1 trillion in deposits and extend $13.5 trillion in loans.

About Bank Policy Institute

The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud and other information security issues.

About Consumer Bankers Association

The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on X @consumerbankers.

About Financial Services Forum

The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.

About National Bankers Association

Founded in 1927, the National Bankers Association is the voice for the nation’s Minority Depository Institutions (MDIs). No other trade association is focused solely on the priorities, federal advocacy, and representation of minority-owned and -operated banks. Members include Black, Hispanic, Asian, Pacific Islander, Native American, and women-owned and -operated banks. MDIs are located across 32 states and the District of Columbia, Puerto Rico, and Guam. For more information, visit nationalbankers.org.