In another indication that regulators are losing faith in uniform capital standards as the way to control risk at banks, officials of the Federal Reserve and the Comptroller's Office last week endorsed more flexible approaches.

Speaking at a financial markets conference in Coral Gables, Fla., on Thursday, Jack Guynn, president of the Federal Reserve Bank of Atlanta, praised a plan to let big banks decide for themselves how much capital to set aside for market risk. He said regulators need to focus on the results of bank decisions, not the details of bank operations and capital levels.

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