The Basel Committee on Banking Supervision said financial institutions will need to fully implement new liquidity rules by 2015. The rules, which are softer than a previous proposal, are intended to help banks survive during a funding shortage. The panel also said systemically important banks should face increased capital requirements, but members of the committee and the Financial Stability Board have not been able to agree on how to curtail their risk. AFME is opposed to "designating specific firms as systemically important and treating them differently," said spokesman Rob McIvor.
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