WASHINGTON, April 15 (Reuters) - Traditional banks shying away from risky trading activities should be exempted from some of the new rules put in place to prevent a repeat of the credit crisis, a top U.S. regulator said on Wednesday.
Such lenders could be freed up from having to meet the Basel III capital rules and from a number of intrusive reporting requirements, Federal Deposit Insurance Corp Vice Chairman Tom Hoenig said at a conference.
Read more