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    "A top Federal Reserve official said Wednesday that the main idea behind House Republicans' proposed alternative to the 2010 Dodd-Frank financial reform law would fall short of ensuring the financial system's safety. Speaking in Washington, Gov. Daniel Tarullo took aim at the plan advanced by House Financial Services Committee chairman Jeb Hensarling to offer banks the ability to opt out of numerous regulations under the law if they maintain a 10 percent capital ratio, based on a very broad measure of capital. That 10 percent number would have to be substantially higher to have regulators comfortable, Tarullo said in response to an audience question about the proposal. The requirement would have to be so high that one really wonders if that's the most efficient way, Tarullo added. Tarullo is the central bank's point man on matters of financial regulation, responsible for implementing many of the Dodd-Frank rules. His comments were among the first from the Fed on the", www.washingtonexaminer.com

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