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Editorial: A Step Backward In Bank Regulations

Sunday, January 13, 2013 - 8:52 PM
A committee of central bankers and regulators from more than two dozen countries, including the United States, has disappointingly given in to lobbying by big banks and watered down important rules meant to strengthen the global financial system. The change will let banks include risky financial instruments like corporate bonds and mortgage-backed securities as part of their liquid asset reserves, which are meant to cover up to 30 days of cash outflows during crises. And the banks have until 2019, not 2015, to comply fully with the easier standards. Each nation will decide when and how to implement the rules.

A Step Backward in Bank Regulations - NYTimes.com
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