LCR deadline extension is expected from Basel Committee

01/3/2013 | Reuters

The Basel Committee on Banking Supervision is expected to grant a time extension for banks to increase capital buffers against financial shocks. The regulator's revision to its liquidity-coverage ratio, which a source says will be announced Sunday, would come in response to demands from banks and others who fear that a sudden move to build up buffers would sap liquidity at a time when markets are struggling.

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