Subprime lessons: banks must have cash cushion (Gulf Times)
Story date: 2008-06-17 10:52:43
Added on: 2008-06-17 23:07:41
BASEL, Switzerland: The lessons of the subprime crisis are that banks must have big cash cushions to absorb such shocks, tighten up risk incentives and be open about their risk exposure, the top forum for global central banking said yesterday.
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