Monday, 7 January 2013

Basel III - approval for revised liquidity standards

The oversight body for the Basel Committee on Banking Supervision - the Group of Governors and Heads of Supervision - met yesterday and agreed the Committee's revised minimum standard for the Liquidity Coverage Ratio (LCR) within Basel III: see here.  The agreed changes to the LCR are available here (pdf) and a summary of the LCR is available here (pdf). A revised timetable for the introduction of the LCR was also agreed: the LCR will come into full effect in 2019.

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