FSA delays liquidity rules: regulator 'took a huge bet', say peers
The UK Financial Services Authority (FSA) has delayed implementation of tough new liquidity standards it published in October because of the economy's continuing weakness.
"The FSA believes it would be premature to increase liquidity requirements across the industry at the current time. The position will be reviewed later on in the year with a further announcement inthe fourth quarter," the regulator said in a statement today.
In part, the delay might have been called to give time for the global
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