Some will call it a back down, some a bow to reality, but the Basel committee approves a far...

|By:, SA News Editor

Some will call it a back down, some a bow to reality, but the Basel committee approves a far easier liquidity rule for banks than had been proposed 2 years ago. Lenders will be allowed a wider range of assets that qualify as capital buffers, a lower assumed rate of fund outflows in a crisis, and be given until 2019 (rather than 2015) to implement the new regime.