Basel Committee releases revised version of Basel III's Liquidity Coverage Ratio
By Bank for International Settlements (BIS)
This 2013 press release marks a watershed moment in the implementation of the Basel III regulatory framework, specifically the finalization of the Liquidity Coverage Ratio (LCR). Endorsed by the Group of Central Bank Governors and Heads of Supervision (GHOS), the LCR is designed to address one of the most critical failures of the 2008 financial crisis: the sudden evaporation of market liquidity.
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