Officials back plans to toughen liquidity rules

Regulators and central bankers from around the globe have endorsed plans to strengthen liquidity rules.

Officials gathering at the International Conference of Banking Supervisors, a biennial event attended by senior central bankers and regulators, said Thursday that they supported the Basel Committee's Principles for Sound Liquidity Risk Management and Supervision.

"The new liquidity principles should help promote better risk management in this area," said Nout Wellink, the chairman of the Ba

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