Final liquidity rules issued for biggest US banks
‘More stringent' liquidity coverage ratio effective from January 2017
US regulators, including the Federal Reserve, have finalised the country's first standardised minimum liquidity requirement for the country's biggest banks.
The liquidity coverage ratio (LCR) – the ratio of a firm's liquid assets to its projected net cash outflow – will apply to US banks with $250 billion in consolidated assets or $10 billion in on-balance sheet foreign exposure from January 1, 2017, the Fed said yesterday.
It also covers subsidiaries with $10 billion in assets, while a "less
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