Bank Liquidity Rules Watered Down
( 02:08 )
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It was a reform that was supposed to show the banks who's boss - a liquidity standard all banks across Europe would have to meet. But what began as an aggressive clampdown, has suddenly gone soft. Industry regulator - the Basel committee - has relaxed an original plan for minimum cash reserves by giving banks more time and more flexibility. Despite the tough-talking, Michael Hewson from CMC markets says regulators would always have to back down.

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