Banking shares today propelled by regulators' decision to ease new liquidity rules for the sector. On Sunday, the Basel Committee of banking supervisors said they will give banks four additional years and more flexibility to build up cash buffers, allowing lenders to put some of their reserves to work, which should boost economic growth. "Softening Basel requirements is good news for banks, bringing a bit of breathing space which will help the sector continue its recovery," said Lionel Jardin, head of institutional sales at Assya Capital, in Paris.
(Reuters)














