Corporate foreign exchange news

Central bankers tread carefully in Basel

Thursday, 29 July 2010 19:48:16 GMT

Published by Mark Smith-Halvorsen
There was a cautious tone to Bank of England governor Mervyn King's comments following the latest meeting of central bank chiefs in Basel.
The meeting, in which central banking chiefs laid down rules for capital and liquidity requirements in the finance sector, caused shares to rally earlier this week after the group pursued a more lenient strategy than many traders had feared.

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