The Other Side: Basel Supporters Say Banks are Spinning 'Myths' About Capital Rule

Also, Uyeda floats revamp of accredited investor standard; Fed IG releases findings from trading probe; SEC gives X hack update; Fed extends comment period for swipe fee proposal

Banks have enjoyed highlighting all the criticism of the Basel capital plan – from a diverse array of  opponents – that has landed at the Fed, OCC and FDIC in recent days. However, there is another side.

Though not equaling the pro-industry fusillade in volume or intensity, support for the proposal is coming from constituencies that have sway with the Bi…