A new liquidity rule to be imposed on banks by global regulators will not fundamentally impair central banks’ ability to conduct monetary policy but may alter the way they carry out their operations, the Bank for International Settlements (BIS) said.
The liquidity Coverage Ratio (LCR), which requires banks to hold enough liquid assets to survive 30 days of customer withdrawals and a credit squeeze, forms a critical part of the new Basel III banking regulations and … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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