BIS Publishes Detail on Liquidity Coverage Ratio

On 6 January 2012, the Bank for International Settlements (BIS) published a press release regarding the detailed amendments to the Liquidity Coverage Ratio (LCR), following endorsement by the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision. Please see our posting yesterday for more information on the nature of the amendments to the LCR.

The full text of the revised rule was published on 7 January 2012 and is available here.