Liquidity Coverage Ratio: What It Means For End Users

Law360, New York (November 22, 2013, 5:50 PM EST) -- On Oct.  24, 2013, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation proposed rules[1] implementing the Basel III liquidity coverage ratio (LCR).

The proposed LCR is more stringent than the international LCR standard agreed upon by the Basel Committee on Bank Supervision earlier this year,[2] and would apply to (1) bank-holding companies with $250 billion or more in total assets or more than $10 billion in foreign exposure, or (2) noninsurer...
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