The Chairman of the Federal Reserve, Ben S. Bernanke, called on banks to raise capital and strengthen their financial positions, where the Chairman clarified that more funds are needed to be in reserve in order to ensure the financial system is stable and secure.

Bernanke explained that regulators are to take some steps to force financial entities to hold more capital saying we need to have higher capital, and that's what Basel III does, adding that's essential for a stable financial system.

However, the Institute of International Finance (IIF) demanded the exact opposite of what Bernanke has called for, where the entity demanded policy makers to ease rules and capital standards, describing these measures as obstacles facing the banking sector, preventing banks for lending money to households and businesses.