Fed's Bies on Basel II implementation

In the speech 'A U.S. perspective on Basel II implementation' given on 30 November Susan Schmidt Bies of the Federal Reserve defended a new capital plan for large U.S. banks but signalled that some cumbersome parts of the plan could be streamlined.

U.S. banking and thrift regulators "remain open to considering the full set of possibilities for Basel II," she said, referring to the rule that was designed as a modern tool for banks to determine how much capital they should hold against possible

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