Fed's Bies on developments in regulatory capital

In the speech 'Recent developments in regulatory capital' given on 30 November Susan Bies of the Federal Reserve said concerns raised by a US study of the effects of proposed Basel II bank capital standards may have delayed US implementation of the rules but will not scuttle them.

"The findings do not point to insurmountable problems, but instead identified areas for future supervisory focus," she said in remarks to a Standard and Poor's conference in New York.

"The need for Basel II reflects the

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