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The LCR Proposal: Questions and Answers
1 November 2013
The Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have released a proposed rule that would apply a Liquidity Coverage Ratio to large and internationally active U.S. banking organizations.
The Proposed Rule would be “super-equivalent” to the Liquidity Coverage Ratio finalized earlier this year by the Basel Committee on Banking Supervision, by including a shorter phase-in period and providing for more stringent treatment of certain asset classes than the Basel standard.
The Proposed Rule would, for the first time, require U.S. banking organizations to meet minimum quantitative liquidity standards and thus, represents an important milestone in the post-crisis regulatory reform process.
Gregory J. Lyons
Paul L. Lee
Satish M. Kini
UK Modern Slavery Act Transparency Statement
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