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Published January 09, 2013
Basel III's LCR requirements eased to facilitate recovery of global banking system
The Clearing House, a US-based banking body, has noted weaknesses in Basel III’s LCR recommendation and has pushed for revisions, in view of the industry’s struggle to achieve Basel III compliance.
Date: Jan 09, 2013 Author: Esther Tan Categories: Basel III, Regulation, Risk and Regulation Keywords: The Clearing House, BCBS, Liquidity Coverage Ratio, BIS, Bob Chakravorti, Federal Home Loan Bank, European Central Bank, Liquidity Risk, Mervyn King, GHOS Anti-Basel III sentiments have been building up, especially now that the supposed implementation date of January 1st 2013 has come and gone. According to the Bank for International Settlements’ (BIS) Basel III implementation progress report, only 11 countries have published finalised regulations although the dates for implementation still vary. The Clearing House, which represents 11 of the largest… All visitors must register to gain access. Access to selected news, research and our regular e-newsletters is free for up to 10 days from publication. Please login now or subscribe/register.
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