Irish Independent – by JESSE HAMILTON AND JIM BRUNSDEN
The biggest US banks would be required to hold enough easily sold assets to survive a 30-day credit drought under proposed new Federal Reserve liquidity rules.
The Federal Reserve liquidity coverage ratio proposal, approved unanimously at a meeting in Washington, goes further than the Basel III measure adopted in January and calls for earlier implementation than the EU. Continue reading “US banks are told to be prepared for 30-day crisis”