Where Jacksonville Listens Live for Severe Weather and Breaking News
Hi, (not you?) | Member Center | Sign Out
Bank Liquidity Rules Watered Down
It was a reform that was supposed to show the banks who's boss - a liquidity standard all banks across Europe would have to meet. But what began as an aggressive clampdown, has suddenly gone soft. Industry regulator - the Basel committee - has relaxed an original plan for minimum cash reserves by giving banks more time and more flexibility. Despite the tough-talking, Michael Hewson from CMC markets says regulators would always have to back down.
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}