The Traderszone Network

Published in TZ Latest News 3 September, 2014 by The TZ Newswire Staff

U.S. Fed adopts final liquidity rules for big banks

Federal Reserve on Wednesday voted to adopt final rules requiring big banks to hold more assets that they could sell easily in a credit crunch. The rules, which call for big banks to hold enough liquid assets to meet their cash needs for 30 days, are a pillar of the response to the 2007-2009 financial crisis. The Federal Deposit Insurance Corp also plans to vote on the final rules on Wednesday.