Controlling the Flows

Enhanced Liquidity Ratios for Europe Bring Extra Burden to Firms

Selwyn Blair-Ford, head of global regulatory policy, Wolters Kluwer Financial Services

At the heart of the financial crisis of 2008 was a crisis of liquidity. As firms' access to cash dried up, they couldn't meet their immediate liabilities. Since the crisis, reforms like Basel III have sought to make certain that market participants such as banks, building societies and investment firms have adequate liquidity buffers in place to absorb such shocks.

Back in 2010, the Basel Committee introduced the Liquidity Coverage Ratio (LCR), a calculation providing a view of a firm's short-te

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