US Banking Regs May Go Beyond Basel III, Bernanke Says

Law360, Washington (July 18, 2013, 2:21 PM EDT) -- International rules requiring banks to maintain minimum capital levels are a regulatory floor for financial reform and banks should expect further regulation if government officials deem it necessary to stabilize the global economy, Federal Reserve Chairman Ben Bernanke told a Senate panel Thursday.

In his second day testifying before Congress on federal monetary policy, Bernanke told Sen. Sherrod Brown, D-Ohio, that the Basel III international banking accords, which include rules requiring banks to maintain minimum capital levels, are not necessarily the last financial regulations that government...
To view the full article, register now.