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NEW YORK (TheStreet) -- Shares of Wells Fargo & Co. (WFC) - Get Wells Fargo & Company Report are slightly down, lower by 0.56% to $54.04 in morning trading today, as a proposed rule regarding risk-weighted assets by the Financial Stability Board could affect the company, as it would require banks to hold a minimum level of long-term debt that can be converted to equity if they fail, Bloomberg reports.

The FSB, an international body that monitors and makes recommendations about the global financial system, is proposing that the world's 30 largest banks should have capital and debt equal to 20% to 25% of their risk-weighted assets.

Of the six biggest U.S. banks, only Wells Fargo would fall below the 20% threshold, according to estimates by analysts at Citigroup and Keefe, Bruyette & Woods.

This is due in part as a result of risk weighting, the mathematical models that treat trading assets as safer than corporate or consumer lending, Bloomberg noted. It will force banks such as Wells Fargo and Banco Bilbao Vizcaya Argentaria (BBVA) - Get Banco Bilbao Vizcaya Argentaria SA Report, which depend mostly on deposits for funding, to replace them with costlier bonds, Bloomberg added.

"The most interesting aspect of this new rule is that banks with the most stable source of funding, that's deposits, are the ones most adversely impacted," Deloitte & Touche LLP's Alok Sinha told Bloomberg. "That's the irony of this rule," Sinha added.

The Federal Reserve is reportedly expected to propose its version of the rule as early as April. The FSB is supposed to decide where to set the required level by November.

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Wells Fargo is a core holding of Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Jim Cramer, Portfolio Manager and Jack Mohr, Director of Research - Action Alerts PLUS commented on the proposed rule.

"[Wells Fargo is the] best domestic store chain that's also a bank," Cramer said.

"The Financial Stability Board is very limited by the very fact that it cannot create or enforce laws, but rather offer recommendations. For Wells Fargo, the only regulator that matters is the Federal Reserve, and the Fed loves Wells. Wells is one of the most stable, capitalized and transparent banks in the world and unlike its investment banking brethren does not have to weather trading volatility and legal overhangs. It is our largest position and we believe it has a long-term path to outsized growth," Mohr added.

Separately, TheStreet Ratings team rates WELLS FARGO & CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate WELLS FARGO & CO (WFC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow." You can view the full analysis from the report here: WFC Ratings Report