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Colombia to raise liquidity requirements

Thursday, April 24, 2014

Colombia's financial regulator said on Wednesday it will increase the proportion of liquid assets brokerages must hold starting in November, in a bid to reduce exposure to risk.

The regulator said it will alter, and impose limits on, the way it measures liquidity risk.

The new rules will require brokerages to hold a big enough share of liquid assets in their portfolios to offset risk from cash investments, term deposits and investments in derivatives.

Source: Reuters