BoE may impose extra liquidity charges, says regulator
BoE will impose Basel III add-ons if banks’ risks are not fully captured by LCR, says prudential policy head
UK banks could face an additional surcharge for liquidity risk that goes beyond the standards laid out by the Basel Committee on Banking Supervision, said David Rule, executive director of prudential policy at the Bank of England (BoE), speaking at an event on September 30.
Rule’s comments came at the Liquidity and Funding Risk conference in London, where he gave an update on Basel III implementation, including the liquidity coverage ratio (LCR). The LCR is due to take effect in the European
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