Large Banks and Capital Requirements
The Federal Reserve held an open meeting of the Board of Governors to discuss a final rulemaking to strengthen and overhaul the regulatory… read more
The Federal Reserve held an open meeting of the Board of Governors to discuss a final rulemaking to strengthen and overhaul the regulatory capital framework for banking organizations. Board members unanimously approved tougher capital requirements for large financial institutions today. The requirement is part of an international agreement, also known as Basel III, and a key provision of the 2010 Dodd-Frank financial regulations law aimed at preventing financial crises such as in 2008. close
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