Hungary aims to implement LCR ahead of schedule
Announced timetable quicker than the minimum outlined in Basel III and EU legislation
The Central Bank of Hungary will accelerate the implementation of the liquidity coverage ratio (LCR) conceived in the Basel III accord, it announced on August 25.
The proposed Hungarian schedule is much faster than the minimum phase-in requirements. While many jurisdictions are looking to accelerate the process, Hungary appears to be going a step further.
The LCR aims to ensure banks hold sufficient high-quality liquid assets (HQLA) that can be converted to cash fast enough to cover their
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