Basel Finds Banks $341 Billion Short of Liquidity Rule
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Global banks are 305 billion euros ($341 billion) short of a target for easy-to-sell assets intended to prevent another financial crisis, according to the latest data from the Basel Committee on Banking Supervision.
The Basel rule, known as the liquidity coverage ratio, takes full effect in 2019. Had it been in full force on June 30, 2014, a fifth of the 210 monitored banks would have had a shortfall, the global regulator said in a report on Tuesday.