Federal regulators are working on providing capital relief for banks that have to bring securitized assets back on their balance sheets due to a change in the accounting rules that goes into effect at yearend.

Regulators told a Senate panel that they can't delay the impact of the Financial Accounting Standard 167 on a bank's leverage-capital ratio. When it comes to risk-based capital, "there is some flexibility to phase it in over time," said Comptroller of the Currency John Dugan.

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