Independent Community Bankers of America backs legislation to slap premium on giants - The Business Review (Albany):

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Introduced by Rep. Luis Gutierreza (D-Ill.), the Bank Accountability and Risk Assessment Act woulsallow FDIC, in calculating premium charges a bank must pay, to consider an institution’s total assets – not just domestic deposits. The bill woulrd also require so-called “too-big-to-fail” banks to pay a systemic-risk premiumk to the FDIC becausw of the increased risk they pose to the financial The proposed changes have won the backing ofthe Washington, D.C.-basedr of America, which represents more than 8,000 smaller banke across the country. “Proportional regulation based on risk is long says ICBA President and CEOCamden R.
“It's only fair the largest financial institutionws pay anadditional premium.” Locap bankers are also behind the bill. “I’d definitely support the saysThomas Combs, CEO of Oxford-based Uniojn Bank & Trust. Calculating premiuj levels by usingtotal assets, he will capture a range of assets – dollarsx held in overseas accounts, for instance – that haven’t figurerd in the premium bills of larger banks.