Basal Capital Standards

As a senior member of the House Financial Services Committee, Congresswoman Maloney has been a key player in the Basel Accords, which set new international risk-based capital and liquidity standards for all internationally active banks and all domestic institutions.

The Basel III Accord ensures that financial institutions have sufficient capital to meet obligations and absorb the impact of another credit crisis. As our country’s financial standing becomes increasingly interconnected with international markets, it is important to form uniform banking standards across the board. Basel III takes a big step in accomplishing this goal.

Through Subcommittee hearings, correspondences, and informal meetings with regulators, Congresswoman Maloney has worked to ensure that U.S. institutions are not put at a disadvantage vis-a–vis their international competitors by these new standards, and that community banks are not unfairly disadvantaged by the new standards.