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Banks win more flexible liquidity rules from Basel

International financial regulators have been relaxed the minimum amount of cash and liquid assets, all Banks must hold, set to take effect, in 2015 the rules.
Agreement, by the Basel committee on banking supervision institutions, responsible for monitoring, is trying to make Banks more vulnerable to operation.
The new "liquidity coverage ratio", will be in stages since 2015, four years completely effective.
Analysts said, the rules of just released more agile draft version.
The new rules of the part of the effort to prevent financial impact, such as tip by in the UK in 2007 Northern Rock bank (Northern Rock) operation, or 2008 years in the United States Lehman Brothers (Lehman Brothers) collapse.
The bank must hold enough cash and easy to sell assets 30 days in acute crisis, to help them tide over the difficulties.
Analysts warned that the excessive strict standards, can reduce loans and stifle economic growth.
The new version allows a bank to hold more widely qualified assets, including some stocks, corporate bonds and high quality residential mortgage-backed securities.
It also gives them more time to comply with the new standard.
Head to the supervision of the agency's head, king, said schedule, ensure that rules "will not hinder the global banking system of the ability to recover funds".
The BBC's business editor Robert Peston said, strange is, most Banks currently hold quite a number of new minimum requirements - because the major central Banks to financial system into a lot of liquidity, through the "quantitative easing".
However, this is only reflect the depressed we at that time, our correspondent says.
The new rules would force Banks hold much more liquidity than they in 2007, big Banks almost don't have enough cash to meet demanding repayment of depositors and creditors of the relatively small number of, our correspondent adds.
They are more widely "Basel III" a package of reforms, this will require loans to set aside more capital to absorb part of the loss.
The Basel committee collected from 27 countries on behalf of the regulators.
A final version of the rules of updating the draft version, put forward more than two years ago.



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