Global rules on how much liquid assets banks should have need to be adjusted in response to last year’s collapse of Silicon Valley Bank and rescue of Credit Suisse, international regulators have said.
The world’s top banking supervisors pledged in a report published on Friday to examine ways to strengthen liquidity rules for the sector after identifying several areas where they fell short in last year’s crisis.
“Liquidity supervision may need to evolve in light of recent experience,” the Basel Committee on Banking Supervision, which sets global regulatory standards for the sector, said in a report to the G20 group of industrialised nations.