Fed To Soon Publish Tighter Bank Rules Plan - Bernanke

By artappraiser on Thu, 05/12/2011 - 3:03am |

Dow Jones Newswire, May 11, 2011

The Federal Reserve is set to soon publish proposed tighter rules for big financial firms that pose a risk to the economy, Fed Chairman Ben Bernanke will tell a Senate panel on Thursday.

As part of the financial law approved by Congress almost a year ago, the Fed is working on more stringent rules for large banks and financial companies, including "enhanced" standards on capital and leverage requirements, Bernanke is slated to tell U.S. senators. A package of proposed rules is set to be released this summer ahead of a Jan. 2012 implementation deadline....

URL:

http://online.wsj.com/article/BT-CO-20110511-719338.html