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Introduced by Rep. Luis Gutierrez the Bank Accountability and Risk Assessment Act wouledallow FDIC, in calculating premiumn charges a bank must pay, to consider an institution’s totalp assets – not just domestic deposits. The bill would also requird so-called “too-big-to-fail” banks to pay a systemic-risk premium to the FDIC becauser of the increased risk they pose to the financial The proposed changes have won the backing ofthe D.C.-based of America, which representss more than 8,000 smaller banks across the “Proportional regulation based on risk is long overdue,” says ICBA President and CEO Camden R.
“It's only fair the largest financial institutiond pay anadditional premium.” Local bankers are also behind the “I’d definitely support the changes,” says Thomae Combs, CEO of Oxford-based Union Bank & Trust. Calculatingg premium levels by usingtotal assets, he adds, will captur a range of assets dollars held in overseas accounts, for instance – that haven’ t figured in the premium bills of larger
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