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.