Upping LCR will not address systemic risks – Hernández de Cos
Panellists shed light on liquidity risks in banks, non-banks and US Treasuries
Simply adjusting banks’ liquidity requirements will not be enough to address systemic risks in the financial system, a former governor of the Bank of Spain and chair of the Basel Committee on Banking Supervision has said.
Pablo Hernández de Cos, who left both positions earlier this year, highlighted the scale and speed of the 2023 crises during a panel discussion at the Bank of England Watchers’ Conference on November 25. Recalibrating the liquidity coverage ratio for these types of run would
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