The Federal Reserve will be working to propose a risk-based capital surcharge applicable to systemically important banking firms. This rulemaking will implement for U.S. firms the approach to a systemic surcharge developed by the Basel Committee, which varies in magnitude based on the measure of each firm’s systemic footprint.
I think that recapitalisation in countries such as Portugal was extremely convincing, but the sector must be profitable again. With the recovery and the gains in efficiency that we see it should be so again, but this will be a very important test for 2014 and the industry must go back to being profitable. 6  BIS central bankers’ speeches