FSA will wait for final liquidity guidelines from Basel panel

11/18/2010 | Bloomberg · Global Financial Strategy

The UK Financial Services Authority said it will wait until the Basel Committee on Banking Supervision issues final guidelines before it starts to phase in liquidity rules. "The FSA does not believe it is appropriate to set industrywide transition requirements for the UK's larger banks at this stage, although they should expect to at least meet any new international standards by the currently proposed implementation date," the FSA said.

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Bloomberg · Global Financial Strategy

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