OSFI issues final guideline on Basel III liquidity requirements

first_imgJames Langton Keywords Basel Capital AccordCompanies Office of the Superintendent of Financial Institutions How should banks allocate capital for crypto? Under the new regime, a liquidity coverage ratio (LCR) requirement will be introduced on Jan. 1, 2015. The implementation date for filing data supporting some of the other liquidity monitoring tools is also set for January 2015. OSFI says that it believes that Canadian banks are “well positioned” to meet the new minimum LCR requirement in advance of January 2015, and do not require any additional phase-in period. The implementation of other aspects of the new liquidity requirements, such as intraday liquidity monitoring tools and the imposition of the Net Stable Funding Ratio (NSFR) requirement will follow the Basel implementation timelines, OSFI notes. Federal banking regulators issued the final version of their guideline setting liquidity requirements for banks as part of the new Basel III capital regime. The Office of the Superintendent of Financial Institutions (OSFI) Friday published the final version of its guideline establishing the framework that it will use to assess whether a bank is maintaining adequate liquidity. The guidance implements measures adopted by the Basel Committee on Banking Supervision (BCBS) in the wake of the financial crisis. Bitcoin should face tough capital rules, Basel Committee sayscenter_img Translating climate risks into financial risks takes work Related news Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more