The European Commission publishes the final version of the LCR Delegated Act
Published on Friday, October 17, 2014 | Updated on Friday, October 17, 2014
The European Commission publishes the final version of the LCR Delegated Act
Summary
On 10th of October 2014, the European Commission (EC) published the final version of the LCR Delegated Act. Now, the European Parliament and the European Council have 6 months to present amendments to this final version which will entry into force in October 2015. The LCR together with the NSFR represent a milestone in the building up of the Pillar 1 liquidity framework within the European Union. Meanwhile the NSFR represents a more structural or long term, ratio; the LCR measures the liquidity position of a bank under stressed conditions.
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- Financial Regulation