Loan market cheers Basel delay on new rules
The loan market breathed a sigh of relief on Monday after the Basel Committee on Banking Supervision (BCBS) decided to delay implementing strict guidelines on liquidity coverage ratios, which many feared would threaten banks’ ability to lend revolving credit facilities, until the start of 2015.
"We welcome the fact that the liquidity coverage ratio regulation will not come in until January 2015, and that there is an observation period from January 1 next year until then," Nicholas Voisey, director at the Loan Market Association, told EuroWeek.
"This will give the committee the opportunity
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