Global regulator eases liquidity rules for banks
- Published: 7 Jan 2013 at 02.45
- Online news: World
The world's top banking regulatory body on Sunday eased the first global liquidity rules scheduled to start applying to banks in 2015 and aimed at improving their ability to survive financial crises.
Incumbent Governor of the Bank of England and Chairman of the Monetary Policy Committee Mervyn King arrives at Portcullis House in London on November 27, 2012. The world's top banking regulatory body on Sunday eased the first global liquidity rules scheduled to start applying to banks in 2015 and aimed at improving their ability to survive financial crises.
The Basel Committee on Banking Supervision said at a press conference here that it had widened the definition of the easy-to-sell assets that banks will have to hold to survive periods of stress.
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