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Washington
Inside Washington (06/14/2011)
* WASHINGTON (6/15/11)--Big banks will be required to follow the same minimum capital requirements as all other depository institutions under a final rule passed by the Federal Deposit Insurance Corp. (FDIC) board of directors Tuesday. The rule is part of an amendment proposed by U.S. Sen. Susan Collins (R-Maine) to the Dodd-Frank Act. It prevents banks from taking the Basel II “advanced approach” of holding less capital than smaller domestic institutions. Basel II requires banks to use a system in which capital levels could fluctuate. The amendment ensures that even under Basel II, U.S. banks could never reduce their capital below the traditional levels used by domestic regulators for other institutions. The regulation will be issued jointly by the FDIC, Federal Reserve Board and Office of the Comptroller of the Currency …


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