Official: BASEL 3 liquidity rules eased

Generali

DiggerUK wrote: »

Sniping away at stuff on stilts is a hobby with a long pedigree.
I do have a good understanding of how much nonsense this all is, and is precisely the point I am making.

Even if Lehmans or Northern Rock had 300 days of liquidity, they would still have gone under, or needed bailing out. The toxic assets/liabilities are the genie in the bottle, not liquidity.
The public are going to be left with those liabilities, not those who are responsible.
..._

True but the LCR is only part of the agreement. The rest covers more general reserves.

I think this agreement would have prevented NRK if followed. Part of the problem with NRK is that the FSA said that they were sailing too close to the wind and NRK said, 'whatever'.