It’s hard to believe it took almost 500 hours and three months for Microsoft’s treasury team to come up with a unified definition of cash, but there you go.
Basel regulators have agreed to delay bank liquidity buffer regulations for another four years, which is later than most had expected. Full implementation will be required by 2019.
Europe will delay the Basel III deadline for bank capital requirements for six months at least. Originally set to go live in January 2013, Europe now follows the US in postponing the regulations.