U.S. banks will benefit from global capital rules, an analyst says

09/13/2010 | CNBC

Because major banks in the country already meet capital standards established by the Basel Committee on Banking Supervision, they will have an edge over foreign rivals, said Dick Bove, an analyst at Rochdale Securities. "The new regulations appear to be reasonable in most respects," Bove wrote. "They are unlikely to force the vast majority of America's largest banks to resort to any near-term capital raises. In fact, it appears that most American banks already meet the new standards, which will not be fully mandated for eight years."

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