Basel Committee Revises Liquidity Coverage Ratio Standards

In her International Banking column, Arnold & Porter counsel Kathleen A. Scott writes that after protests from the banking industry that the imposition of a "liquidity coverage ratio," aimed at making sure that banks had sufficient liquid assets for 30 days to cope with a severe liquidity crisis, would hamper banks' ability to make loans and adversely affect their bottom lines, the Basel Committee has allowed more time to come into compliance and broadened the categories of assets that would qualify.

This article requires premium access

This article requires premium access to The New York Law Journal. Please sign in or subscribe to read the full text.