Basel Rifts, Overseas Swaps, Tax-Shelter Plea: Compliance
This article is for subscribers only.
Global banking regulators need further talks to overhaul a liquidity rule for lenders after failing to overcome divisions on the standard during three days of meetings in Istanbul, according to two people familiar with the discussions.
The split centers on how far to expand the range of assets that banks can use to meet the liquidity coverage ratio, or LCR, said the people, who declined to be identified because the talks are private.