The FSA has published a consultation paper proposing a far-reaching overhaul of liquidity requiremen...
The FSA has published a consultation paper proposing a far-reaching overhaul of liquidity requirements for banks, building societies and investment firms. The proposed rules are based on recently agreed international liquidity standards, in particular the Basel Committee on Banking Supervision's (BCBS) Principles for Sound Liquidity Risk Management and Supervision and take into market difficulties over the past 18 months. While it will remain the responsibility of firms' senior management to adopt a sound approach to liquidity risk management, the FSA is proposing the following: · a n...
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