10/12/12
Keating: ‘Start Anew’ on Basel III Proposals
ABA President and CEO Frank Keating said during a Fox Business Network interview yesterday that the proposed Basel III capital rules are “a construct from Europe” that shouldn’t be advanced and should be totally reconsidered. More Newsbytes
10/10/12
Deposit Insurance Fund Growing Faster than Expected
The DIF reserve ratio is on track to reach the statutory minimum target of 1.35% by the Sept. 30, 2020 deadline, the FDIC said yesterday. ABA Chief Economist Jim Chessen noted that the DIF is recapitalizing much faster than the FDIC expected, and the agency is forecasting about $12.4 billion in premiums this year.More Dodd-Frank News.