bls2011

Banks Get New Restraints – Historic Refashioning of Rules Aims to Trim Risk-Taking, Limit Future Crises

In Banking & Finance on September 14, 2010 at 7:09 am

Global regulators pushed through a historic remake of the world’s banking regulations—forcing financial institutions to increase protections against unexpected losses—with the ripple effects likely to impact everything from mortgages to commercial loans to credit cards in coming years.

The new rules are designed to rein in the kinds of risky activities that contributed to the financial crisis that upended Wall Street and shook the global economy to the core.

Read the rest of this article at WSJ – http://online.wsj.com/article/SB10001424052748703897204575487661996436070.html?mod=WSJ_business_whatsNews

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