The Federal Reserve has approved rules that revise the regulatory capital framework for U.S. banks in accordance with the Basel III international accord and to satisfy related mandates of the Dodd-Frank Act.
The rules, approved by the Fed at a meeting of its governors on Tuesday morning, are tied to a global effort, developed by the Basel Committee on Banking Supervision, to increase the quantity and quality of bank capital. The intent is to enable institutions to weather losses without the systematic problems that belied the financial crisis.
