Banks to swing to more stable funding

Brussels

BANKS face a push from global regulators to seek out more stable funding that won't dry up in a crisis.

Starting in 2018, internationally active banks will be required to meet a so-called net-stable funding rule that will force them to take into account the maturity of their assets when making choices about their financing mix, the Basel Committee on Banking Supervision, which brings together regulators such as the US Federal Reserve and Bank of England (BOE), said on Friday.