Financial Times FT.com

US banks face short-term borrowing rules

By Henny Sender in New York

Published: September 27 2009 23:30 | Last updated: September 27 2009 23:42

US financial regulators are working on new rules aimed at helping banks avoid the sudden funding withdrawals that doomed Bear Stearns and Lehman Brothers, officials say.

The deliberations represent a deepening of the US regulatory response to the financial crisis. In recent months, regulators have focused on making sure banks have sufficient capital to withstand the kind of financial shock that hit them last year.

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