Banks Win Watered Down Liquidity Rule in Basel Deal

Jan. 7 (Bloomberg) -- Bank of England Governor Mervyn King, chairman of the Group of Governors and Heads of Supervision, and Sweden's Riksbank Governor Stefan Ingves, chairman of the Basel Committee on Banking Supervision, speak about an agreement by global central bank chiefs to water down and delay a planned bank liquidity rule to counter warnings that the proposal would strangle lending and stifle the economic recovery. Lenders will be allowed to use an expanded range of assets including some equities and securitized mortgage debt to meet the so-called liquidity coverage ratio. King and Ingves spoke yesterday at a news conference following a meeting of regulatory chiefs in Basel, Switzerland. (Source: Bloomberg)

Charles Schwab's Jones: Fed Isn't Ready to Raise Rates
48:06 - Kathy Jones, Charles Schwab chief fixed-income strategist, discusses the outlook for Fed policy with Bloomberg's David Gura and Vonnie Quinn on "Bloomberg Markets." (Source: Bloomberg)
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