The rule will implement in the United States the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision and certain changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
http://www.federalreserve.gov/newsevents/press/bcreg/20130702a.htm
Basel III v Dodd-Frank: What Does it mean for US Banks
These higher capital standards are part of what the Basel Committee has called the “core of the global financial reform agenda.” This agenda, commonly referred to as “Basel III,” was introduced in December 2009, when the Basel Committee published its consultative proposals for global capital and liquidity standards. On 26 July 2010, the Basel Committee reached general agreement on the proposed capital and liquidity reforms. The Basel Committee’s September actions finalised the capital ratio requirements and the phase-in arrangements.
http://whoswholegal.com/news/features/article/28829/basel-iii-v-dodd-frank-does-mean-us-banks/
HEY MINNIE RAMONA, YEA BEATRICE BEANIE ~ CAT STEVENS SINGS PEACE TRAIN AND THE IRANIAN NATION DOESN'T CHARGE INTEREST, IN FACT USURY IN THE ARAB NATIONS IS FORBIDDEN, AND THUS, WHY THE EUROPEANS WANT TO TAKE OVER THE PERSIAN EMPIRE ~ THE TOO BIG TO FAIL QUALIFIED BY STEALING ALL OF AMERICA'S WEALTH, TO BE GLOBAL GIANTS TO KEEP THE WAR DRAIN STOPPING THE 21 CENTURY PEACE TRAIN OF NO USURY INTEREST FOR HUMANS WHEN DIGITAL ISN'T GOLD
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