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For Immediate Release
December 7, 2017
ABA Media Contact: Jeff Sigmund
(202) 663-5439
Follow us on Twitter: @ABABankers

ABA Statement on Finalization of Basel IV Standards

By Wayne Abernathy, ABA’s executive vice president of financial institutions policy and regulatory affairs

​          “We appreciate the important role global standards play in promoting comparable and coordinated supervision across international jurisdictions.  At the same time, it’s important that U.S. regulators implement those standards and write the implementing regulations in a manner that’s consistent with our country’s interests and financial conditions.  We urge regulators to seek early public comment before drafting implementing rules through an advanced notice of proposed rulemaking so that the public can provide input on the new standards that will improve their effectiveness and support economic growth in the U.S.” 

The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, midsize, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans.