Fed’s Yellen moots higher capital requirements for US banks


Janet Yellen, the Federal Reserve vice-chair, yesterday said the US may have to impose higher capital requirements than those prescribed by Basel III to end its too-big-to-fail problem.

Yellen told an audience at the International Monetary Conference in Shanghai that she was "not convinced" the existing prudential regulation and supervision of systemically important financial institutions (Sifis) "goes far enough".

Consequently, she said, it "may be appropriate to go beyond the capital surcharge

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