New Bank Rule Changes Will Push Barter�s Use
It will be years before some of the new proposed bank rules become
effective, but when they do the use of organized barter could be
enhanced. As we have pointed out in BarterNews over the
years, barter is an effective and versatile business tool on
virtually every level of business, from the small
entrepreneurially-driven business on up to international
multi-national organizations.
And, to various degrees, all business sectors rely on outside
capital. Theses new banking rules on the horizon will alter the
banking business, not only by limiting risk-taking and the cost of
loans, but by providing a shot-in-the-arm to the commercial barter
industry. This is already underway, as regulators from 27 countries
have just concluded a far-reaching meeting this past weekend in
Basel, Switzerland.
Details will be forthcoming over the coming months as the plan
crystallizes, but essentially major global banks will be required to
retain much greater levels of capital as a percentage of their
assets to protect against potential losses. the purpose of this plan
is to avoid a repeat of the financial crisis of 2008. It will not
only transform banking and potentially drive up rates on deposits,
but also will raise the cost of loans and crimp their availability.
As
indicated these new rules will take years to implement, but the
business community would be wise to realize what�s coming and begin
immediately to embrace barter � using their products and services �
as another financial alternative.