Regulators ease key bank rule to spur credit

Global regulators gave banks four more years and greater flexibility to build up cash buffers so they can use some of their reserves to help struggling economies grow.

The pull-back from a draconian earlier draft of new global bank liquidity rule to help prevent another financial crisis went further than banks had expected by allowing them a broader range of eligible assets.

via Business feed http://www.scmp.com/business/banking-finance/article/1121872/regulators-ease-key-bank-rule-spur-credit