News In Brief

Ticker

Banks given more time for liquidity requirements

08.01.13 @ 09:25

  1. By EUOBSERVER

The Basel Committee decided Monday to delay plans for a safer financial system, with "liquidity coverage ratio" requirements only to be met in 2019. Commissioner Michel Barnier welcomed the deal: "Liquidity is fundamental, both for the stability of banks as well as for their role in supporting wider economic recovery."

COMMENTS

EUobserver encourages comments that contribute to an intelligent debate. It reserves the right to delete comments which it deems abusive or which incite hatred. For questions about any aspect of community participation, please write to mm@euobserver.com.

View comments