Not at all!
If you look at the changes in the cp_common.pl,
you'll see that the user must be a
moderator OR an
administrator to view/edit the ban lists.
It's the exact same format as is used for all the other control panel features.
The user access to the Control Panel pages is controlled in cp_common.pl, too.
Edit: Have a look at these two lines:
if (userStatus == "Administrator") {
if (userStatus == "Moderator") {If the user is an Administrator or Moderator, he can go on, else not.
Of course you can do it like this instead:
if (($ubb eq 'update_bans') && ($status eq 'Administrator' || 'Moderator')) {But I'll stick to the same format as used for some other functions in the control panel.