Banks Win Watered Down Liquidity Rule in Basel Deal

REPLAY VIDEO
Your next video will start in
Pause
  • Info

  • Comments

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)

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change