Fed Eases Final Capital Rules For Community Banks

Law360, New York (July 2, 2013, 11:57 AM EDT) -- The Federal Reserve Board on Tuesday approved final rules requiring all banks to hold increased levels of high-quality capital, but provided relief to small banks that said holding them to the same standards as large, internationally active banks posed a threat to their businesses.

In a unanimous vote, the Fed's Board of Governors approved the implementing rules for the 2010 Basel III international banking accords. The package of rules, which have been subject to furious lobbying since they were initially proposed last June, require banks to...
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