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Fed Seeks New Capital Requirements for Biggest Banks

Joe Mont | December 9, 2014

With what Chairman Janet Yellen described as a “milestone” in efforts to mitigate threats the nation’s biggest big banks could pose to financial stability, the Federal Reserve's Board of Governors is proposing a new risk-based capital surcharge for the most systemically important firms.

The proposed framework would provide incentives to these banks to hold substantially increased levels of high-quality capital as a percentage of their risk-weighted assets. The stated goal is that they will effectively reduce their systemic footprint and lessen the domino effect a failure could trigger.

The proposed rule, approved at...

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