Federal regulators praise capital standards:

09/13/2010 | Google

The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a joint statement saying that the Basel III rules on banks' capital standards are a "significant step forward in reducing the incidence and severity of future financial crises." The regulators also said the agreement "provides for a more stable banking system that is less prone to excessive risk-taking."

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