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As expected, the UK's banks are not deemed to need any extra capital buffer.
This happens despite the Co-op not raising any extra capital, according to the BBC's Robert Peston.
H.R. 3283 would let U.S. banks trade derivatives, such as credit default swaps, overseas without having to build up any extra capital to protect against a meltdown in those derivatives.
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Those with large exposures to troubled sovereign debt may have to hold an extra capital buffer.
The debate risks overshadowing a more modest but pressing reform: making big banks hold an extra capital buffer.
Not only did he promise five more years of austerity, he pledged to cut child benefit in real terms for another year and dropped any commitment to extra capital investment.
The sale will provide $950 million in extra capital for KBC, which has the highest market capitalization among Belgian banks.
Although it says it does not believe it has violated US laws, it is raising $11.6bn in extra capital, partly as a cushion against any future legal costs.
But regulators should police compliance and punish any bank found to be in breach by requiring that bank to hold extra capital.
How much extra capital?
Again, that may involve extra capital.
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CEO of Professional Science Editing for Scientists @ prosciediting.com