What Does a Community Bank in Dickson Have in Common with Deutsche Bank and JPMorgan Chase? Basel III

Explore:  Basel III

Originally published in the Tennessee Bar Association - December 1, 2012.

Coming soon may be an answer to this question.

Ask any banker what she thinks of Basel III, and then prepare yourself for a tirade. Ask Greg Gonzales, the Commissioner of the Tennessee Department of Financial Institutions, and he’ll be more dignified in his criticism, but he won’t disagree that Basel III is a bad idea. Ask the Conference of State Bank Supervisors (CSBS), the professional association for the heads of the state banking agencies, and it will say that “…we are opposed to the proposed approach put forth by the federal banking agencies to implement the Basel III capital accord and to incorporate a standardized approach for risk-weighted assets.”

What’s “Basel III” and Why Is Everyone So Upset?

Basel, Switzerland, is the site of the Bank for International Settlements (BIS). The Basel Committee on Banking Supervision, whose Secretariat is located at the BIS, provides a forum for discussions and cooperation on banking supervisory matters. The stated objective of the Basel Committee is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. Committee members exchange information on national supervisory issues and make recommendations about how to achieve a common, international understanding about supervisory standards, including international standards on capital adequacy. Committee members come from all across the globe, from Argentina to Luxembourg, from India to the United Kingdom. And the United States. However: the CEO of the Sevier County Bank is not on the committee. Neither is Commissioner Greg Gonzales, who is also chairman of CSBS. Community banks are not at the table at the most important and potentially destructive policy-making confab in recent financial services history.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Butler Snow LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.