WASHINGTON — America's Community Bankers said that it supports agency efforts to develop a more risk-sensitive Basel IA for community banks and regulators should also provide Basel II banks with a standardized option.
"The Basel IA framework as proposed does not succeed in ensuring the competitive equity of non-Basel II banking organizations," ACB stated in a Basel IA comment letter. The advanced approaches in the Basel II proposal are "too costly, burdensome and complex," ACB asserted.
ACB argued that banks should be able to choose the capital framework that best suits their business and risk profile. This includes Basel I banks having the option to remain in the current Basel I regime, or adopt the Basel IA framework.
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