FSA addresses market concerns in final liquidity rules

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The UK Financial Services Authority (FSA) today published the final details of its new liquidity rules, in which it attempts to address the concerns raised by market participants on the composition of liquidity buffers and eligibility criteria for small firms hoping to be subject to less-demanding rules. The 319-page policy statement, Strengthening liquidity standards, is the culmination of a lengthy market consultation that began in December 2008 and saw three papers on the different strands