Cox says capital-reserve rules should be reconsidered

03/24/2008 | Financial Week

SEC Chairman Christopher Cox wrote to the Basel Committee on Banking Supervision recently urging it to change the capital reserves banks are required to hold in light of the lessons learned from the fall of Bear Stearns. "Even at the time of its sale on Sunday [March 16], Bear Stearns' capital, and its broker-dealers' capital, exceeded supervisory standards," Cox wrote.

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