US regulators to revise Basel I this summer, says Greenspan

Speaking at the Independent Community Bankers of America (ICBA) National Convention in San Antonio, Texas (via videoconference), Greenspan assured smaller banks not mandated to adopt Basel II, that the federal regulators will curb unintended competitive advantages and disadvantages where concerns appear valid.

Although they will not be required to adopt the new capital rules, many community and regional banks are fearful that they will face competitive disadvantages after the 2008 adoption

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