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Home > News & Events > 2014 Banking and Consumer Regulatory Policy > Press Release--Federal Reserve Board proposes rule to further strengthen
the capital positions of the largest, most systemically important U.S. bank holding companies--December 9, 2014

Opening Statement by Chair Janet L. Yellen

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Good afternoon. I'd like to welcome our guests to the Federal Reserve today as we consider an important milestone in the
Board's effort to mitigate the potential risks that systemically important financial companies could pose to financial stability and
our economy.
The proposed rule that the Board is considering today would impose a risk-based capital surcharge upon the most systemically
important U.S. bank holding companies. This framework would provide incentives to these banking organizations to hold
substantially increased levels of high-quality capital as a percentage of their risk-weighted assets. This, in turn, would encourage
such firms to reduce their systemic footprint and lessen the threat that their failure could pose to overall financial stability. The
proposed rule is an important part of the Board's efforts to establish enhanced prudential standards for the most systemic U.S.
banking firms and improve the resiliency of these firms.
I look forward to today's discussion of these important issues. Let me now turn to Governor Tarullo.

Last update: December 9, 2014

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