3/29/2010

Sweeping legislation to overhaul financial regulation that is being discussed in Congress lacks rules to ensure financial institutions maintain enough liquid assets to cope when credit dries up, Yalman Onaran writes in a Bloomberg analysis. Regulators' guidelines related to liquidity-risk management also lack a concrete figure for how much liquidity and in what form banks should hold, and global guidelines could take years to implement, Mr. Onaran writes.

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