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...
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