FDIC's Bair says major banks likely will face tougher rules

10/22/2010 | Reuters

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., said major banks likely will be required to meet higher capital standards than those outlined in Basel III. "I have fairly high confidence there will be higher capitalization requirements for systemic institutions," Bair said. She also scrutinized the Basel III rules, saying they aren't as tough as she would like.

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