Financial News, December 2009 - Banks allowed to set own liquidity buffers in Europe
Nicola Hortin, senior domain expert at FRSGlobal, which advises financial firms on risk and regulatory issues said: “Inevitably, CEBS is playing catch-up to the FSA. The FSA’s liquidity buffer rules are more prescriptive about what assets can be held and how they are determined, but otherwise, the divergence is slight.”
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