Basel's Rethinking Of Liquidity Rules May Force US Hand

Law360, New York (September 14, 2012, 9:04 PM EDT) -- Global banking regulators signaled Friday they would likely dial back rules on how much cash and cash equivalents banks will be required to hold, a move experts say would likely force U.S. authorities to adopt a smaller liquidity buffer than they have been pushing for.

In 2010, an international panel of bank regulators known as the Basel Committee called for banks to set up deep, easily accessible pools of assets they could use to pay off creditors and survive a market crash for 30 days. While...
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