Fed’s New Capital Requirements In Line With Global Standards

Law360, New York (June 07, 2012, 8:07 PM ET) -- The Federal Reserve Board on Thursday put out proposed rules that would require banks to increase the amount of high-quality capital on their balance sheets, largely aligning with international banking agreements despite objections from U.S. banks.

Along with a series of three proposed rules that would increase the level of Tier 1, common equity capital that banks would be forced to maintain, the central bank approved a final rule requiring the nation's largest banks to increase the capital they retain based on risks embedded in their...
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