“U.S. regulators on Friday delayed the effective date of a global agreement on greater bank capital buffers reached in response to the financial crisis of 2008. The rule delay could help big banks such as J.P. Morgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc. who must ultimately comply with the rules, as well as smaller banks who also will have to meet the requirements. The largest 19 U.S. bank holding companies would have a capital shortfall of $50 billion, if the Basel III capital buffer rules proposed Thursday were to be made effective immediately, a Fed official said in June.”
http://www.marketwatch.com/story/fed-delays-basel-iii-bank-capital-buffer-rules-2012-11-09
