(Reuters) - "I think the Basel II approach, with perhaps with some
modifications but in essence what was agreed upon with the
international banking authorities, is the right approach for
providing that kind of capital base protection," Bernanke told
the Senate Banking Committee.
"I can assure you that the four agencies are currently
working very hard on a range of issues," he said, adding that
he would prefer that the federal agencies quickly reach a
consensus resulting in a single proposal.
Read more at Reuters.com Bonds News
modifications but in essence what was agreed upon with the
international banking authorities, is the right approach for
providing that kind of capital base protection," Bernanke told
the Senate Banking Committee.
"I can assure you that the four agencies are currently
working very hard on a range of issues," he said, adding that
he would prefer that the federal agencies quickly reach a
consensus resulting in a single proposal.
Read more at Reuters.com Bonds News
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