US federal regulators endorse "appropriate" Basel III

sheila-bair-fdic-2010

US regulators have given strong approval to the latest proposals within the Basel III capital accord, praising the framework as striking an “appropriate balance” between stronger risk management procedures and capital standards while not inflicting damage on the fragile global economic recovery.

Six regulators –  the chairmen of the Federal Reserve Board, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Deposit Insurance Corporation (FDIC), the act

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