7/27/2010

The Basel Committee on Banking Supervision introduced limits on global banks' leverage to restrict their risk-taking, but it softened proposals for banks' capital and liquidity requirements. However, insiders said the rules still would affect financial institutions. "Even after all the compromises, the banks aren't off the hook from tighter capital and liquidity rules," said Frederick Cannon, chief equity strategist at Keefe, Bruyette & Woods.

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