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Forex Flash: Banks win more flexible Basel rules – Nomura

By FXstreet.com,  January 07, 2013, 11:37:00 AM EDT

FXstreet.com (Barcelona) - Nomura Economists note reports in today´s FT and WSJ which note that the Basel Committee on Banking Supervision said on Sunday that it agreed to relax a rule designed to ensure that big banks are able to weather financial crises without running short of cash.

They note that the regulators made it easier for banks to meet the rule, known as the "liquidity coverage ratio," and delayed its full implementation until 2019, four years later than expected. The FT writes that the "liquidity coverage ratio" (LCR) announced on Sunday marks the first time that global regulators have sought to require individual banks to hold enough cash and easy-to-sell assets to allow them to survive a short-term market crisis. The measure is the second critical plank of the Basel III reform package. Tougher new capital rules began to be phased in this month.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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