FDIC's Newest Members Want Tougher Capital Proposals

Law360, New York (June 12, 2012, 5:04 PM EDT) -- The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency on Tuesday finalized their proposed rules for increasing capital standards for the banks they supervise, but the FDIC's two newest members said the new requirements may not be enough.

The three proposed rules put out for comment by the FDIC and the OCC would increase the level of Tier 1, common equity capital that banks would be forced to maintain and bring U.S. banks largely in line with the Basel III international...
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