Basel
BASEL, Switzerland - Bankers and analysts said new global rules could mean less money available to lend to businesses and consumers, but praised a decision to leave plenty of time - until 2019 - before the financial stability requirements come into full force.
BASEL, Switzerland - Bankers and analysts said new global rules could mean less money available to lend to businesses and consumers, but praised a decision to give them plenty of time - until 2019 - before the so-called Basel III requirements come into full force.
BASEL, Switzerland - Banks will have to significantly increase their capital reserves under rules endorsed Sunday by the world's major central banks, which are trying to prevent another financial collapse without impeding the fragile economic recovery.
BASEL, Switzerland - Global financial regulators on Sunday agreed on new rules designed to strengthen bank finances and rein in excessive risk-taking to help prevent another crisis.
BASEL, Switzerland - Global financial regulators on Sunday agreed on new banking rules designed to rein in the excessive risk blamed for triggering the credit crunch and subsequent economic crisis, an official said.
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