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Fed Voting to Bring U.S. Capital Rules in Line With Basel

U.S. banking regulators seeking to prevent another global financial meltdown are set to impose new minimums for capital amid predictions that smaller lenders will get easier terms.

The Federal Reserve goes first today with a vote that could call for banks to maintain loss-absorbing capital equal to at least 7 percent of risk-weighted assets, in line with international standards agreed upon by the Basel Committee on Banking Supervision.