Thursday, November 15, 2012

BANKS SAY REGULATORS SHOULD REWRITE BASEL III CAPITAL RULES

U.S. banks are protesting capital rules proposed by regulators to comply with international
standards and have asked that rules for assessing risk in their assets be replaced with something
easier to follow. Financial industry groups via letter to Federal Reserve also said that hinder credit availability, dampen economic growth and harm the competitiveness of the U.S. banking system.

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