U.S. banks will be able to meet the new capital requirements of the profits

U.S. banks will be able to use future earnings to meet ever-stricter international requirements for bank capital, said U.S. Treasury Secretary Timothy Geithner said in his address to Committee on Financial Services House of Representatives of the U.S. Congress.

This option is preferable to reduce lending volumes, which may have a negative impact on economic recovery, the minister added.

According to T. Geithner, new standards for banking regulation, known as Basel III, which will be agreed before the end of the year the countries of the "Group of Twenty, demand from the banks of the world a substantial increase in capital.

"U.S. financial system is in a better position to adopt new international rules - quoted statement T. Geithner agency Bloomberg. - Most of the banks will be able to fulfill the new requirements at the expense of future profits that will help maintain the continued economic recovery."

Banks will be given 8 years to comply with new capital requirements, which will become a major issue on the agenda for the November G20 meeting in Seoul.