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Home Basel III - US Blackline of U.S. Liquidity Coverage Ratio Proposal: Federal Register Version vs. Draft Version

Blackline of U.S. Liquidity Coverage Ratio Proposal: Federal Register Version vs. Draft Version

Today, the Office of the Federal Register released for public inspection the version of the U.S. liquidity coverage ratio (LCR) proposal that will be published in the Federal Register on November 29, 2013.  We have prepared a blackline of the rule text in the Federal Register version against the rule text in the Federal Reserve’s October 24 draft version of the U.S. LCR proposal.

A notable technical correction contained in the Federal Register version relates to the eligibility of a sovereign entity, U.S. government-sponsored enterprise, public sector entity or multilateral development bank for the 20% / 40% cash outflow rate category for unsecured wholesale funding that is not an operational deposit (page 28 of the blackline).

The Federal Register version also clarifies that a “covered depository institution holding company” is limited to a top-tier bank holding company or savings and loan holding company that is domiciled in the United States (page 4 of the blackline).

View Blackline Comparing Federal Register Version with Draft Version of U.S. LCR Proposal (PDF)

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