U.S. Fed adopts final liquidity rules for big banks

Federal Reserve on Wednesday voted to adopt final rules requiring big banks to hold more assets that they could sell easily in a credit crunch. The rules, which call for big banks to hold enough liquid assets to meet their cash needs for 30 days, are a pillar of the response to the 2007-2009 financial crisis. The Federal Deposit Insurance Corp also plans to vote on the final rules on Wednesday.

via Business News http://ift.tt/1nWLfYn