LMA forms liquidity working party
24 June 2010The LMA has formed a working party, comprising some of the major European banks, to examine the implications of the proposed Basel III recommendations. The LMA is very concerned that the proposals as they currently stand could potentially reduce the availability of loans and increase the cost to borrowers. The LMA is working alongside other banking and borrower representative bodies to promote the good of the corporate sector and wider economic recovery.
Clare Dawson, Managing Director of the LMA, said: 'The LMA fully supports regulators' desire to strengthen the banking sector, but is concerned that any measures taken should not adversely impact banks' ability to support the real economy'.