Global regulators agree on bank asset rules
International banking regulators have agreed on rules meant to ensure banks keep enough cash in hand to survive future market crises.


The body that oversees the Basel Committee on Banking Supervision, which sets international rules, said Sunday the so-called "liquidity coverage ratio" will be phased in from the beginning of 2015 and take full effect four years later. Banks will have to hold enough cash, and easily sellable assets, to tide them over during an acute 30-day crisis. (AP)