Supervision must adapt to the growth of the largest banks, Acting Comptroller of the Currency Michael Hsu said.
Details: Speaking in Germany, Hsu said the combined assets in the largest U.S. banks may reach $26 trillion over the next 10 years, and there must be commensurate strengthening of supervision and regulation.
ICBA Advocacy: In comment letters earlier this year, ICBA:
Said it generally supports regulators’ proposed Basel III Endgame capital standards for the largest banks but cautioned regulators that more research is needed to avoid unintended consequences on community banks.
Expressed support for an interagency proposal to require banks with $100 billion or more in assets to maintain minimum levels of externally issued long-term debt.
