Fed’s Bank Capital Rules Set Stage For Wall Street Brawl

Law360, New York (July 2, 2013, 7:33 PM EDT) -- The Federal Reserve's formal adoption Tuesday of strict new rules requiring banks to maintain higher capital levels marked a milestone for U.S. banking reforms, but it was also the first salvo in a battle between regulators and Wall Street over the size and types of risks the biggest U.S. banks should be able to take.

The final rules for implementing the 2010 Basel III international banking accords that the Federal Reserve Board approved in a unanimous vote largely hewed to the original proposal released last June,...
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