Greenspan: Basel Accord Will Hit Some Small Banks

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00002647-greenspan-basel-accord-will-hit-some-smal/

Federal Reserve Chairman Alan Greenspan on Friday acknowledged that a new global pact on banking may hurt some business lines at small U.S. banks, but said regulators may look at tweaking capital rules to ease this.

U.S. banks have until January 2008 to prepare for rules the Basel Committee on Bank Supervision, a global group of bank regulators, agreed to last June.

For this complete story, please visit Greenspan: Basel Accord Will Hit Some Small Banks.

Greenspan: Basel Accord Will Hit Some Small Banks

Unknown Author

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