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financial regulations

Basel Burden on Small Banks Faces Scrutiny at House Hearing

"U.S. community banks and insurers are pressing their case for separate treatment from the biggest financial firms as House lawmakers examine the impact of international capital rules at a Washington hearing.

"Industry executives testified today along with regulators before two House Financial Services subcommittees after a Nov. 14 Senate hearing on efforts to implement standards adopted by the Basel Committee on Banking Supervision."