Joint Statement on Federal Reserve Vice Chair for Supervision Michelle Bowman’s Remarks on Bank Capital Requirements

WASHINGTON, D.C. - The Consumer Bankers Association and National Bankers Association released the following statement in response to Federal Reserve Vice Chair for Supervision Michelle Bowman's recent remarks on bank capital requirements:

"Thank you to Vice Chair Bowman for recognizing an important reality: capital requirements should be strong and resilient while also reflecting the actual risks in the banking system. A well-calibrated framework is essential not only for financial stability, but for ensuring America's leading Main Street banks can continue meeting the needs of the consumers and communities they serve.

"We appreciate the Vice Chair Bowman's focus on a more transparent and risk-sensitive capital framework. We look forward to reviewing the proposal and engaging constructively to ensure the final approach preserves the strength of the banking system while supporting economic opportunity for households and businesses across the country."

CBA Advocacy

• CBA previously released an in-depth White Paper, "The Impact of the Basel III Endgame Proposal on Consumers on the Margins of the U.S. Financial System." White Paper starts with the basics, explaining what "capital" is and how capital regulation operates. The White Paper then goes on to explain how the Proposal would impact retail banking and, ultimately, the American consumer. To learn more, click HERE.