Basel I must be made more risk-sensitive for general banks, say Independent Community Bankers
The 1988 Basel Accord, also known as Basel I, must be improved to be more risk-sensitive for the benefit of community banks, said the Independent Community Bankers Association (ICBA), the Washington, DC-based membership organisation of 5,000 community banks.
“I do not see the community banks benefiting from Basel II. We will be disadvantaged if we stay on Basel I, and the larger banks on Basel II. We would like to see changes to Basel I to make it more risk-sensitive.
“Specifically, we think the Agencies should
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