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Banks to be forced to boost liquid assets

Global banking regulators will press ahead with the first worldwide effort to force banks to hold more liquid assets and cut back the industry's reliance on short-term funding, despite complaints that the rule changes could damage the broader economy, the new chairman of the Basel Committee on Banking Supervision has warned.

Source: Financial Times

http://www.ft.com/intl/cms/s/0/6598d30e-f002-11e0-bc9d-00144feab49a.html

11 2011 | View: 529 | Foreign experience | Printint version
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