“Global banking regulators will press ahead with the first worldwide effort to force banks to hold more liquid assets and cut back the industry’s reliance on short-term funding, despite complaints that the rule changes could damage the broader economy, the new chairman of the Basel Committee on Banking Supervision has warned.”

http://www.ft.com/intl/cms/s/0/6598d30e-f002-11e0-bc9d-00144feab49a.html#axzz1aOF9Vg7e