ACB: Press Releases

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Jim Eberle (202) 857-3145 (work) (703) 893-2593 (home) [email protected]	For Immediate Release November 10, 2005 #05-86
E-mail: [email protected]

ACB SUBMITS STATEMENT ON DEVELOPMENT OF NEW BASEL CAPITAL ACCORDS

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WASHINGTON, D.C. — America’s Community Bankers, which has been in the forefront of raising issues about new international capital accords known as Basel II and requesting simultaneous changes to Basel I, has declared its support for more closely linking “minimum capital requirements with an institution’s risk profile.”

“This approach could increase the safety and soundness of the banking industry and allow institutions to deploy capital more efficiently,” ACB said in a statement submitted to the Senate Banking Committee, which is holding a hearing on the development of the new accords.

ACB urged that similar risks be treated comparably across institutions “to avoid creating competitive inequities.”

Click here to read the statement.

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

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