Senate Banking Committee examines Basel III’s impact on community banks

Federal banking regulators issued three notices of proposed rulemaking in June that would revise and replace current regulatory capital rules and implement international capital standards crafted by the Basel Committee on Banking Supervision under Basel III. Community bankers argued the proposed rules could harm their operations in numerous ways. Read on to learn what the regulators had to say about these concerns during a recent hearing before the U.S. Senate Banking Committee.