Basel Committee's Walter dismisses reports of LCR overhaul
Basel Committee is working on criteria to decide what counts as a liquid asset, but secretary general says no decisions have yet been taken on how – or whether – to change the LCR
Stefan Walter, secretary general of the Basel Committee on Banking Supervision, has hit out at reports suggesting the liquidity coverage ratio (LCR), one of two new liquidity ratios introduced by Basel III, is on the verge of major surgery. The measure has attracted criticism from regulators and market participants across the globe – and a Basel working group is developing a set of criteria that can be used to determine which assets are included – but Walter says the committee has no specific
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