Leave liquidity rules out of Basel III legislation, says EBF
Industry group fears European Union legislative process will set LCR and NSFR flaws in stone
The European Banking Federation (EBF) has called on European Union law-makers to exclude the Basel Committee's liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) from the legislative process, claiming the two measures could have severe, unintended effects on the banking sector and wider economy.
"The liquidity proposals set out by the Basel Committee are extremely conservative, and their impact on European banks and the wider economy has not been fully tested," says Wilfried
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