Basel I must be made more risk-sensitive for general banks, say Independent Community Bankers

Chris Cole, the Regulatory Counsel at the ICBA, said a more risk-sensitive Basel I would try to make up for the competitive disadvantages that community banks would face from the implementation of Basel II by larger banks in the US.“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 consid