Global Regulators Endorse New Bank Rules

from National Public Radio

In Switzerland, financial regulators from 27 countries agreed Sunday that banks must substantially increase the amount of capital they hold in reserve. Critics say the rules could hurt the economy by reducing the amount of money banks can loan. But banks will have plenty of time to adjust to the new rules. They won't take full effect until 2019.

Broadcast Dates

• Morning Edition, September 13, 2010