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US banks are told to be prepared for 30-day crisis
JESSE HAMILTON AND JIM BRUNSDEN independent.ie 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. The US plan, most stringent for the biggest banks, is looking at implementation by 2017... to read more click here: independent.ie
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