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Bank regulators urged to be more flexible

Published Fri, Oct 3, 2014 · 09:50 PM
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London

THE world's largest banks are pushing regulators for more flexibility in the last major set of rules to come out of the global financial crisis: requirements that would double the capital cushion banks are forced to hold.

Leaders of the 20 most important economies, the G-20, in November will issue a draft rule, which many of the biggest banks say needs to be tailored to each institution.

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