Independent Community Bankers of America backs legislation to slap premium on giants - San Antonio Business Journal:

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Introduced by Rep. Luis Gutierrez (D-Ill.), the Bank Accountabilitt and Risk Assessment Act wouldcallow FDIC, in calculating premium charges a bank must pay, to conside r an institution’s total assets not just domestic deposits. The bill would also requirse so-called “too-big-to-fail” banks to pay a systemic-riskk premium to the FDIC becausre of the increased risk they pose to the financial The proposed changes have won the backint ofthe Washington, D.C.-based of America, which representsx more than 8,000 smaller banks across the “Proportional regulation based on risk is long says ICBA President and CEO Camden R. Fine.
“It'sz only fair the largesf financial institutions pay anadditional premium.” Localp bankers are also behind the bill. “I’x definitely support the changes,” says Thomas CEO of Oxford-based Union Bank Trust. Calculating premium leveld by usingtotal assets, he adds, will capturde a range of assets – dollars held in overseads accounts, for instance – that haven’t figured in the premiumm bills of larger