Fed's Tarullo urges international action on regulating banks

NEW YORK Fri Feb 22, 2013 6:30pm EST

NEW YORK Feb 22 (Reuters) - Federal Reserve board member Daniel Tarullo on Friday urged completion over the next year of an international proposal for capital surcharges for systemically important banking organizations.

Tarullo, in an address to the Cornell Club in New York, also said an international designation of non-bank systemically important organizations should be completed over the next six months.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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