Straight Talk — Basel III exemption urged

Now that the comment period is over regarding the implementation of the Basel III capital rules by the bank regulatory agencies, we can only hope the many letters sent by bankers and industry advocates make a difference. I urge regulators to exempt community banks altogether, or at least substantially simplify any new capital requirements.

My concern is not only the amount of capital the new rules will require, but the complex reporting requirements that may go with them.  The intricate risk weighting approach will inevitably result in banks exiting some lending markets. Furthermore, some of the . . .

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