Henry M. Fields and Mark R. Sobin
Banking + Financial Services, Financial Institutions + Financial Services, and Financial Services
On November 21, 2018, the federal banking agencies issued a proposal to simplify the regulatory capital requirements for qualifying community banking organizations, generally those with less than $10 billion in assets. The proposal seeks to implement banking legislation enacted in May of this year. For such community banks with tangible leverage ratios exceeding 9%, the proposal would replace the Basel III capital rule framework that currently applies to all banks.
Read our client alert.
©1996-2018 Morrison & Foerster LLP. All rights reserved.