Banks are relieved as Basel alters proposed capital and liquidity rules

07/27/2010 | Bloomberg

A revision to proposed capital and liquidity standards by the Basel Committee on Banking Supervision was met with relief from banks worldwide. The committee softened the requirements and gave lenders as long as eight years to comply. "To a large extent, the committee has taken into account the concerns of the industry," said Charles Dallara, managing director of the Institute of International Finance.

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