WSBI U.S. member supports megabanks capital surcharge

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ICBA said it supports the Federal Reserve Board’s proposal to require a capital surcharge on systemically important financial institutions. The proposed rule would implement a surcharge on the nation’s eight largest megabanks calibrated to their size and complexity. In a news release, ICBA said the proposal is a positive step toward containing the too-big-to-fail threat, mitigating the megabank funding advantage over community banks, and leveling the playing field between megabanks and the rest of the industry.​ Read more news on the U.S. Community banks in this week's issue of ICBA News Watch​.

Supervision; Regional economy; Regulation