Basel Committee targets loopholes in liquidity rules

12/22/2011 | Bloomberg

The Basel Committee on Banking Supervision is looking to close possible loopholes in its rules to improve liquidity at financial institutions. Officials are discussing assets banks can count toward liquidity reserves, said committee member Sabine Lautenschlaeger. Regulators are also talking about how to prevent arbitrage aimed at sidestepping the rules, said Lautenschlaeger, who is also vice president of Germany's central bank.

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