Banks win more flexible liquidity rules from Basel

International financial regulators have eased rules on minimum quantities of cash and liquid assets all banks must hold, set to take effect in 2015.

The agreement, by the body that oversees the Basel Committee on Banking Supervision, is an attempt to make banks less vulnerable to runs. The new "liquidity coverage ratio" will be phased in from 2015 and take full effect four years later. <<READ MORE>>