FRS will tighten requirements for banks

Today Daniel Tarullo, the  member of Board of Governors of the Federal Reserve System, said that the new criteria could be taken to stess tests. In this case, Wall Street will be obliged to attract billions of dollars of new capital. At the moment, the changes are in the process of discussions with senior officials of the Federal Reserve. Tarullo said that according to the innovation, the banks wold need greater capital reserves.