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MNI BRIEF: Fed Asks Banks For Data On Higher Capital Proposal

The Federal Reserve on Friday asked large banks to voluntarily submit data by Jan. 16 showing how they would be affected by the Basel III endgame proposal to raise capital requirements. U.S. regulators also extended until the same date the comment period on the capital proposal to allow banks more time to respond.

"The Board seeks to assess the risk-weighted asset impact of the proposed revisions along with the potential impact of certain policy options. This data will assist the Board in understanding how various policy reform options could affect the banking organization," the Fed said in a statement. (See: MNI: Fed's Barr Defends Proposal To Raise Capital Requirements)

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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