Group of Governors and Heads of Supervision endorses revised liquidity standard for banks

by Sabrina I. Pacifici on January 7, 2013

Group of Governors and Heads of Supervision endorses revised liquidity standard for banks. January 6, 2013

  • “The Group of Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met today to consider the Basel Committee’s amendments to the Liquidity Coverage Ratio (LCR) as a minimum standard. It unanimously endorsed them. Today’s agreement is a clear commitment to ensure that banks hold sufficient liquid assets to prevent central banks becoming the “lender of first resort”. The GHOS also endorsed a new Charter for the Committee, and discussed the Committee’s medium-term work agenda.”
  • Related postings on the financial system
  • Previous post:

    Next post: