Basel issues liquidity principles

The Basel Committee on Banking Supervision has issued proposed revisions to its global principles for sound liquidity risk management and supervision, which were first published in 2000. Market participants have until July 29 to respond to the 17 principles outlined by the committee.

The revision was deemed necessary after the credit crisis took hold in the second half of 2007, which led to a drying up of liquidity across the wholesale funding and interbank markets and posed risks both at the