GoFuckYourself.com - Adult Webmaster Forum - New banking rules to curb risk!

- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - New banking rules to curb risk! (https://gfy.com/showthread.php?t=986881)

New banking rules to curb risk!

I just found out that the new banking rules are going out to curb the risk... Maybe this has to do with ePass' bank in some way?
Read on:

Quote:

NEW YORK (CNNMoney.com) -- Global officials meeting in Switzerland Sunday announced new guidelines to strengthen the financial system by forcing banks to set aside more capital.

The goal is ensure that banks have bigger reserve cushions when things go bad and avoid another bank meltdown like the panic of 2008, which led to widespread credit gridlock and fueled the recession.
At the same time, the rules attempt to walk a delicate balance: Forcing banks to stash too much too soon in "rainy day funds" could crimp their ability to lend -- at a time when global credit has already contracted dramatically.
....

read more on http://money.cnn.com/2010/09/12/news...dex.htm?hpt=T2

what do you think?

I just finished reading an article on this at Businessweek on the same issue.

Makes sense really but this will cause greater restriction in lending and then, depending on loan demand, a possible rise in interest rates to replace the lost interest revenue at banks.

http://www.basel-iii-accord.com/

read more about Basel 2 and 3.

That is the banks capital regulation worldwide.