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New Bank Rules To Curb Risk

Sunday, September 12, 2010 - 6:05 PM
From CNNMoney.com:
Global officials meeting in Switzerland Sunday announced new guidelines to strengthen the financial system by forcing banks to set aside more capital.

[...]

The new rules, known as Basel III, will be enforced by local bank watchdogs like the Fed and FDIC and will take effect over a period of years after being adopted by each country.

 

1
Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
Rep Points: 124,996
1. Sunday, September 12, 2010 - 10:17 PM
Could forcing banks to set aside more capital cause interest rates to rise ?
1
plowkingplowking20 posts since
Aug 19, 2010
Rep Points: 57
2. Monday, September 13, 2010 - 8:21 PM
According to this MarketWatch article:
Borrowers to face bigger down payments, higher fees as banks raise capital

1
Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
Rep Points: 124,996
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