FSA held to account over punitive liquidity rules

Bank treasurers and risk managers remain concerned about the economic impact of aspects of the liquidity rules published by the UK Financial Services Authority (FSA) on Monday, despite efforts by the regulator to make adjustments to meet industry demands. At an FSA conference in London today, officials sought to reassure more than 300 industry participants that the rules were a vital step in ensuring adequate liquidity in the overall system, as well as individual institutions, to withstand a