“The journey towards a re-shaped financial sector is now well under way. Policy bodies are moving towards the final stages of rule making around the core objectives of the agenda for regulatory change set out by the G20. Significant changes are inevitable for every facet of the banking industry – and indeed the wider financial services industry. But how this change will play out for different business models and in different jurisdictions looks set to be very different. Capital and liquidity have been a primary focus of the financial press since the crisis. The new bank capital and liquidity requirements agreed by the Basel Committee on Banking Supervision (BCBS), and supported by G20 governments, will strengthen the resilience of financial firms. Read more…
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