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Federal Reserve Approves Capital Surcharges for Nation's Largest Banks
Yesterday (Monday), the U.S. Federal Reserve System approved a rule to require the nation's largest banks to hold a larger capital buffer.
These "capital surcharges" are in addition to the 7% capital requirements set forth in the Basel Accords in 2010.
Yesterday (Monday), the U.S. Federal Reserve System approved a rule to require the nation's largest banks to hold a larger capital buffer.
These "capital surcharges" are in addition to the 7% capital requirements set forth in the Basel Accords in 2010.