Repo rules decimate key liquidity ratio at Barclays

Reverse repo treatment in draft NSFR cuts ratio from 113% to 98%


Proposed changes to one of Basel III's new liquidity ratios have cut it by 15 percentage points at Barclays, leaving it below the minimum level of 100% that will be required when the rule takes effect. The bank's half-year results announcement, published yesterday, showed Barclays with a net stable funding ratio (NSFR) of 98%, based on proposals published in January by the Basel Committee on Banking Supervision. However, the bank said that if it excluded one controversial element – the