Fed Sets Vote On Final Rules For Increased Bank Capital

Law360, New York (June 27, 2013, 5:13 PM EDT) -- The Federal Reserve will vote Tuesday on final versions of long-awaited rules that will require banks to hike the levels of high-quality capital they hold in reserve, the central bank announced Thursday.

The final rules for implementing the 2010 Basel III international banking accords have been subject to furious lobbying, especially from community banks and lawmakers furious that the rules, intended to apply only to large, globally active financial institutions, were extended to include nearly all banks in the United States in initial rules proposed last...
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