LINDA WERTHEIMER, Host: NPR's business news starts with tougher rules for banks.</s>LINDA WERTHEIMER, Host: In Switzerland, financial regulators from 27 countries agreed yesterday 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 lend. But banks will have plenty of time to adjust to the new rules. They don't take effect until 2019.
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.