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Banks to author own capital recovery plan-official

Thu Apr 23, 2009 11:58pm IST
 
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WASHINGTON, April 23 (Reuters) - Any bank needing to raise capital as a result of U.S. government stress tests will be looked to produce its own capital recovery plan, and regulators will judge whether such plans are adequate or realistic, a regulatory official said on Thursday.

That procedure is standard practice in the supervisory process, said the official who spoke on condition of anonymity. (Reporting by Mark Felsenthal and Karey Wutkowski)

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