Kansas Fed's Hoenig on competitive capital levels

In the speech 'Ensuring adequate and competitive capital levels in a rapidly changing banking environment' given on 5 February Thomas Hoenig of the Federal Reserve Bank of Kansas City said for new capital standards and the remainder of our supervisory framework to be effective, we will also have to take a risk-focused approach to our supervision.

"In this approach, we must ensure that the major risks at individual financial institutions are identified and that these institutions are taking the

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