Fed to halve biggest banks’ capital hike in latest Basel plan, from 19% to 9%

Fed Governor Barr is expected to announce the new measures in a speech on September 10:

• Fed to halve biggest banks’ capital hike in latest Basel plan

• FED, FDIC, OCC
  poised to unveil changes as soon as September 19
• Top banks face 9%
  increase in revised plan from 19% earlier

Headlines come via Bloomberg

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At 1400 GMT / 1000 US Eastern time Federal Reserve Vice Chair for Supervision Michael Barr speaks on “Basel III Endgame” before the Brookings Institution

This article was written by Eamonn Sheridan at www.forexlive.com.