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Industry: Email Alert RSS FeedSenate committee hears concerns over Basel II
Bank News, November, 2006 by Anonymous
Concerns over Basel II were expressed in testimony before the Senate Banking Committee last week by representatives of state regulators and banking groups.
New York State Superintendent of Banks Diana L. Taylor said the proposed international bank capital accord known as Basel II would reduce capital levels for die nation's largest banks to the detriment of community banks' competitiveness and could further erode the balance in the nation's dual banking system.
Representing the Conference of State Bank Supervisors, Taylor told the panel that CSBS supports the original goal of Basel II, to better align regulatory capital requirements to underlying risks and provide incentives to banks to hold lower-risk assets in their portfolios, but urged caution in moving ahead with...
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