The Next Perfect Banking Storm
A raft of regulations come into effect that will crimp lending ability globally.
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Those looking for when the next financial crisis might be should set a reminder for Jan. 1, 2018.
That's when a host of new rules are scheduled to come into force that are likely to further constrain lending ability and prompt banks to only advance money to the best borrowers, which could accelerate bankruptcies worldwide. As with any financial regulation, however, the effects will start to be felt sooner than the implementation date.