Asia Risk Congress: BIS points to Asia example as evidence new LCR not 'relaxed'

Asian regulators' partial recognition of Level 2B assets justifies revised Basel liquidity approach

The fact that Asian regulators have only partially recognised the new criteria of acceptable liquid assets that can be included in the liquidity coverage ratio counts as a rebuff towards those who saw the new standards as a relaxation of the initial 2010 LCR, says Bank for International Settlements' (BIS) senior financial sector specialist, Asia and the Pacific, Jeff Miller.

In January, the Basel Committee on Banking Supervision published a revised text on the liquidity coverage ratio, a