The world has changed since the day the credit crunch has begun, said the former chief executive of the Northern Rock. Banks were having a hard time to borrow money from each other to fund their businesses due to a loss of confidence. This had caused a rethink of the ways in which banks should manage their affairs and the liquid assets they must hold. After the financial crisis started, the situation became very critical that banks were asked to update the regulator every day on their liquidity position. Now the FSA wants to make this permanent by asking a weekly liquidity report of 500 banks and other financial institutions. Ineke Eechaute
http://www.guardian.co.uk/business/2009/oct/05/fsa-banks-liquidity
1 opmerking:
Accuracy:
S1: tense error: ...since the day the credit crunch began...
S3: ... became so critical that...
S3: ... update the regulator on their liquidity position every day
Flow:
S3: mention that the regulator is the FSA from the title. In that way, the introduction of FSA in S4 is announced.
Good flow and clear message.
Een reactie posten