06/21/2011 08:42 am ET Updated Aug 21, 2011

Nocera: Capital Requirements Fight 'Most Important' For Bank Reform

Capital matters. Let me put that another way. The current fight over additional capital requirements for the banking industry, eye-glazing though it is, also happens to be the most important reform moment since the financial crisis broke out three years ago. More important than the wrangling over Dodd-Frank. More important than the ongoing effort to regulate derivatives. More important even than the jousting over the new Consumer Financial Protection Bureau.

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