Dick Bove, an analyst at Rochdale Securities, said that as major U.S. banks already meet the capital standards established by the Basel Committee, they will have an edge over their global rivals. "The new regulations appear to be reasonable in most respects," Mr. 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." Scott Talbott, senior vice president of government affairs at The Financial Services Roundtable, agreed. "If you remember last year most U.S. banks went through a stress test with buffer capital requirements, so U.S. capital levels are high," he said.

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