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Friday, June 28, 2013

Fed to Finalize Basel Rules on July 2

The Federal Reserve Board announced that it will hold an open meeting on July 2 to finalize rules implementing the Basel III capital standards. The Fed and other banking agencies issued three joint proposals over a year ago that would increase minimum capital requirements, narrow the definition of capital, and increase risk weights for certain asset classes.

ABA, as well as hundreds of bankers and many members of Congress, have expressed grave concerns about the proposed rules because of their complexity and potential negative impact on bank lending.

Read more.
Read about ABA's advocacy on Basel III.

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