Bank of America CEO Brian Moynihan advises caution in implementing Basel III’s capital standards to maintain global competitiveness.

He believes the playing field is level and that restrictions should be carefully administered to prevent the US from being less competitive.

U.S. banking authorities will propose tighter bank capital requirements for banks with $100 billion or more assets.

Moynihan praised JPMorgan Chase for helping Pacwest Bancorp and Banc of California sell a $2 billion mortgage portfolio.