Danish regulators push for more flexible Basel III liquidity rules
Shortage of high quality liquid assets prompts Danish regulators to push for changes to the liquidity coverage ratio within the European Union capital requirements directive
Although the Basel III ink is barely dry, critics of the controversial new liquidity coverage ratio (LCR) are already pressing for an overhaul as part of a process that will see the rules transposed into European Union (EU) law. The regulations, published on December 16, specify which assets can be included in LCR buffers, but Danish regulators - with support from the country's government and other EU members - want to see a more flexible test introduced instead.
The Danes hope such a test would
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