Bloomberg reported that New York banking superintendent Benjamin Lawsky said capital ratio requirements being considered by federal regulators should be eased for community banks with less than $10 billion in assets.

According to Bloomberg, Lawsky wrote to U.S. bank regulators in Washington, who are incorporating so-called Basel III capital rules into regulations under the Dodd-Frank law on banking, Wall Street and consumer protection. Proposed regulations on risk-weighted assets would place an undue burden on community banks, Bloomberg cited him as saying.

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