Moody’s praises regulation advice

■ Stricter liquidity and capital rules will help keep banks safe and stable in the future, credit ratings agency Moody’s said yesterday. But it also warned that only effective supervision will make the rules work to their full potential. The Basel committee’s core principles were adjusted earlier this month, increasing the number of principles from 25 to 29. Banks are to be assessed on 39 criteria – a move Moody’s said underlines the need for close supervision.