Basel Committee Revises Liquidity Coverage Ratio
On January 6, the Basel Committee indicated that it will allow banks more time and flexibility to meet the Basel III capital requirements. Specifically, the Liquidity Coverage Ratio (LCR), which promotes the short-term resilience of a bank's liquidity risk profile, has been adjusted to expand the range of eligible high-quality liquid assets and timetable for implementation. The minimum LCR requirement will begin at 60% in January 2015 and annually increase 10 percentage points until it reaches 100% in 2019.
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