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Sep 29, 2014

Basel III Framework: Liquidity Coverage Ratio (US Implementation)

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The three US bank regulatory agencies issued a final regulation implementing a requirement to maintain a minimum amount of liquid assets in order to meet short-term liquidity needs, as required by Section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to be phased in over a three-year period beginning in January 2015. In the EU, the Basel III liquidity coverage ratio standards have already been implemented although further technical details remain to be fleshed out by secondary legislation ahead of January 2015.

View full memo, Basel III Framework: Liquidity Coverage Ratio (US Implementation)

Authors and Contributors

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

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+1 212 848 7585

New York

Donna Parisi

Partner

Derivatives & Structured Products

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New York

Bradley K. Sabel

Of Counsel

Financial Institutions Advisory & Financial Regulatory

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Reena Agrawal Sahni

Partner

Financial Institutions Advisory & Financial Regulatory

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New York

Jennifer D. Morton

Counsel

Financial Institutions Advisory & Financial Regulatory

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New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

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London

Kolja Stehl

Counsel

Financial Institutions Advisory & Financial Regulatory

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+44 20 7655 5864

London