Branch LCR calculations should include parental support within three days
Loss of capital fungibility creates systemic risk, according to BAML compliance head
Foreign bank branches should be able to include receiving funds from head office within "two to three days", during a stress event when calculating their Basel III liquidity coverage ratio (LCR), according to Anatoly Kirievsky, Sydney-based head of global banking and markets compliance at Bank of America Merrill Lynch.
Asian regulators, including Australia, Singapore and Hong Kong, are in the process of finalising their LCR rules, which are due to come into effect on January 1, 2015.
In January
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