FSA addresses liquidity fears
LONDON - The UK Financial Services Authority (FSA) last week 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
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