Bloomberg News

Basel Committee Agreed to Speed Up Review of Liquidity Plans

September 28, 2011

Sept. 28 (Bloomberg) -- The Basel Committee on Banking Supervision said it will speed up a review of draft liquidity rules for lenders that are intended to take effect at the start of 2015.

The review will be completed “well in advance” of an original mid-2013 deadline for finishing an assessment of the measures, the group said today.

The so-called liquidity coverage ratio requires banks to hold enough easily saleable assets to survive a 30-day credit crunch.

To contact the editor responsible for this story: Peter Chapman at pchapman10@bloomberg.net


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