FINANCIAL TIMES Sweden Proposes Higher Capital Requirements for Banks | The government proposed higher capital requirements for the largest Swedish banks on Friday as authorities sought to strengthen the country's financial system in the midst of the European debt crisis.
But the Federal Reserve has been gradually instituting leverage requirements for the largest financial institutions.
Spurred by the new "Buy India" requirements, Dell, the largest PC retailer in India, explored the possibility of setting up manufacturing facilities there.
"But given the uncertainties, I would probably be inclined to begin with other measures, such as more stringent capital and liquidity requirements for the largest, most complex firms".
The Federal Reserve on December 20 issued its proposal to implement heightened prudential requirements for the largest US financial institutions as a result of the ongoing financial crisis.
The legislation would permit the government to impose tough new capital requirements on the largest companies as well as take them over, making their shares virtually worthless, and remove management when they fail.
A practice meeting the minimum requirements for the largest rebates in both categories would receive more than $58,000 in the quarter, according to a calculation done by The New York Times.
The SEC imposed the certification requirement on the largest public companies, ranked by sales, on June 27 a response to the spree of accounting scandals that started with Enron and ranged from Tyco to WorldCom.
But this extra requirement for the largest banks will hinder these institutions' ability to make loans and compete internationally, said JPMorgan chief risk officer Barry Zubrow, in prepared remarks for a Congressional hearing Thursday.
He discussed the differing requirements among major utilities for telemetry requirements — the way large battery storage systems communicate with the grid to prevent power surges and gaps — and suggested low-cost options.
