WASHINGTON — The Basel Committee on Banking Supervision's decision to ease international liquidity standards so far is getting positive reviews, but how well individual nations can adapt the rule for their own banks is still an open question.

The compromise deal by the committee's group of central bank governors and heads of supervision was meant to salvage an earlier proposal — released two years ago — that was criticized for being too stringent. The new proposal not only expands the types of "highly liquid" assets included in a required liquidity buffer, but also allows the globally active banks subject to the rule to build the mandated buffer over time instead of immediately.

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