Banking Agencies Issue MBA-Opposed Proposed Changes to Bank Capital Requirements

The Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency on Thursday issued interagency proposed changes to capital requirements for banks with assets of $100 billion or more. The so-called “end game” proposed rules complete U.S. regulators’ implementation of the Basel III standards and make changes in response to the recent large bank failures. MBA strongly opposes certain provisions of the proposal.