guExuOiqTy5IyI4nRxcvhnAEwGrrdA6zk/abG5tz7KvTLhu9xDg5o/irHJ5JzmQS0/ieDHjxiURW MRIEQVFhcSITBTKBkRShsUIjwVLR8DMkYuFygpJDUxVjczTxJQYWorKDByY1wtJEk1SjF2RFVTZ0 gH3bIDZMbuPNJSK/roo+z/oN32hlVn042+ru0+jrG1JTYf1WmoWPviquq80Oe4n81nqbtGn7klKb cqamO2vb1Hp9nT6arG+pscx5pbLTILi6TG3brpCSLXGd0n9oX3OJPr0hnrdm+zaWhuxFVi3noY0k Fur/APV00n/gLn/qlirv8W6v/wBXTSf+Auf+qWKp/oN15gvjHeXU9jPp8itxa2EocspK/wC7FXao EBAQEBAUEQ8RERERDxERFxoaGhcRHyEhISEfKy0tLSsyMjIyMjIyMjIyAQsJCQ4MDh8XFx8rIx0j He added that "with these reforms, the Basel Committee has delivered on the banking reform agenda for internationally active banks set out by the G20 Leaders at their Pittsburgh summit in September 2009". KxSUitaHNIPdEKLzDsO1+a7HoYXOJ0ATrY61ej6Z0qrp7N7ofe7l/gPAJhlbJGNNt7o/vQBSWrk0 E-mail: publications@bis.org . Vv8AxF5APWxh/wCkRP8AmnFUw0TVvKl7fLDpNrHFc8WZXW3WMgAfF8QA7HFWS4q7FXYq7FXYq7FX xmp.iid:75168317592068118C1496B17F45A35A KxSUitaHNIPdEKLzDsO1+a7HoYXOJ0ATrY61ej6Z0qrp7N7ofe7l/gPAJhlbJGNNt7o/vQBSWrk0 AAIRAxEAPwD0Xp/T8A4GMTjUkmmuT6bf3R5JKbH7P6f/ANxqf+22/wBySlfs/p//AHGp/wC22/3J endobj 97 0 obj The new liquidity risk regulations pose tremendous implementation challenges for banks, which will need more flexible, comprehensive systems in order to comply with the regulation, as well as improve their risk management processes. This definition, adopted by the European Solvency II Directive for insurers, is a variation from that adopted in the Basel II regulations for banks. GvLj88TU5PRldYWVpbXF1eX1ZnaGlqa2xtbm9jdHV2d3h5ent8fX5/c4SFhoeIiYqLjI2Oj4KTlJ JPEG taPpghJTgfXNjbeiueyHem9rvMBS4jUlmQXF5Po2Q7HyBc3ljmmB4KzmFhr4tC+lY+RjegzcZ3e/ xmp.iid:CCC05D004020681188C6BB9613E52344 IcKzF6vn4OFc/CN/2au5uLeco4OY0OI9Itta8SyGw8Ob+6ROqj5oRGQ0ycmZHEL/AJBp2fV3615O SlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpr9P8A+T8b/ia/+pCSmwkpSSlJKUkpSSlJKUkpSSlJKUkp 2014-04-14T18:04:43-04:00 xmp.iid:A7453D9C0A2068118A6DB7F571D516D0 2. Liquidity Ratios: Under Basel III, a framework for liquidity risk management will be created. Related Readings. Market liquidity risk, on the other hand, is the risk of not being able to sell assets in a timely fashion without having to offer a heavy discount. 2016-04-25T09:33:25.898-04:00 87 0 obj /wCpCSk7nNY0ucYa0SSewCSnn/8AsOIDTlVkAyJyrDA19o/S6N9x9vHkkphZV9Sbrm5F11FljLDa Jk43Ub6sy01UOx3jN9GjdUGF7H0VMaLLCWQHP076QoGw6XSOmdaxOuYltGOzDxhba7NZRmerj2iw p108gpY49N2IzFscDqND+m+rkOa1wklo7EJtLrcLqeRZk5Bcb3vpdrWwuO0DwASOiyUyG99UczHw f+SSHKYuyj8S5n978AjZ07Ed7nMgfE/3o/dMPZH+kuZ/e/Afwb1XRumuaCapn+U7/wAkl90xdk/6 Liquidity risk can be a significant problem with certain lightly traded securities such as unlisted options and municipal bonds that were … kpSSlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpSSmv0//k/G/wCJr/6kJKbCSlJK endobj lJKUkpSSlJKUkpSSlJKUkpSSmv0//k/G/wCJr/6kJKbCSlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpS V2KuxV2KuxV2KuxV2KuxV2KuxV2KuxV2KuxV2KuxVJfJn/KH6D/2zbP/AJMR4qnWKuxV2KuxV2Ku cqamO2vb1Hp9nT6arG+pscx5pbLTILi6TG3brpCSLXGd0n9oX3OJPr0hnrdm+zaWhuxFVi3noY0k 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null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null 145 0 R 179 0 R 233 0 R 179 0 R 234 0 R 179 0 R 180 0 R 232 0 R 180 0 R 180 0 R 180 0 R 180 0 R 180 0 R 180 0 R 180 0 R 180 0 R 180 0 R 181 0 R 231 0 R 181 0 R 181 0 R 182 0 R 183 0 R 229 0 R 183 0 R 183 0 R 183 0 R 183 0 R 183 0 R 183 0 R 230 0 R 183 0 R 183 0 R 183 0 R 184 0 R 184 0 R 184 0 R 184 0 R 184 0 R 184 0 R 184 0 R 184 0 R 225 0 R 184 0 R 184 0 R 184 0 R 226 0 R 184 0 R 184 0 R 227 0 R 184 0 R 184 0 R 228 0 R 184 0 R 184 0 R 184 0 R 174 0 R 174 0 R 174 0 R 174 0 R 174 0 R 174 0 R 174 0 R 174 0 R 175 0 R 175 0 R 175 0 R 175 0 R 175 0 R 175 0 R 175 0 R 175 0 R 175 0 R 175 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 176 0 R 236 0 R 176 0 R 176 0 R 177 0 R 177 0 R 177 0 R 177 0 R 178 0 R 235 0 R 178 0 R 179 0 R 179 0 R 179 0 R 179 0 R 179 0 R] 6l67+/8A694q7/FGsf8AUvXf3/8AXvFXf4o1j/qXrv7/APr3irv8Uax/1L139/8A17xVGaXreoX9 <>28 29 30]/P 280 0 R/Pg 1 0 R/S/Link>> False 0gWRz5FS4ZUaYssdLd/pIw/rL0ijIfDMuporseOZb+98UMgMJKhUwh+suA3G6TaKmCu1rZa4eSUT Want to learn more? xmp.iid:865BDCE49E2068118C14FAA3BDADC3F0 endobj Z9g5Gf8AWHNzSTbfZb/WMN/zQneiOwRUju1G2Zb3CwONLQJD26QhLISrQIsi82XB7XFwbpuJ1KaE xmp.iid:A1FA73D2482068118C1496B17F45A35A xmp.iid:524B8D7B4F2068118C1496B17F45A35A endobj SXyZ/wAofoP/AGzbP/kxHireu6Lf6s8LWWqTaYIgwYQ8vj5UoTxlj6UxVKv8Ha7/ANTLd/dJ/wBl 2014-04-14T18:03:36-04:00 Emphasis is put on the book values of assets rather than the market values. 2014-04-21T19:42-04:00 2014-04-04T14:58:08-04:00 Perspectives on the implementation challenges facing banks 2014-04-09T16:13:19-04:00 j2OrPz9w/KiVpd3ItcB6bNCeUEtXZB11KSF3sESdCguatbrW8ajwSUmbc12jhB80lJNxGoE/BJCx Kw4y4z5dkEsLcmqobW8+SSmq60Pa4g690lIQLGjTVJLNrnJKShzoRWqDgdCdqRCQXiPrvTdVmUZD proof:pdf 2014-04-10T10:25:57-04:00 f+Auf+qWKu/xbq//AFdNJ/4C5/6pYq7/ABbq/wD1dNJ/4C5/6pYq7/Fur/8AV00n/gLn/qlirv8A Basel III Liquidity Risk 2014-06-05T12:58:14-04:00 xmp.iid:3FF78C9C09206811AB08C0F647A65B26 [null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null 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null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null 189 0 R 190 0 R 190 0 R 190 0 R 217 0 R 190 0 R 190 0 R 190 0 R 190 0 R 190 0 R 190 0 R 190 0 R 218 0 R 190 0 R 190 0 R 190 0 R 190 0 R 192 0 R 192 0 R 192 0 R 192 0 R 192 0 R 142 0 R 132 0 R] An area of focus for post-crisis regulation of banks has been addressing mismatches between the liquidity of banks’ assets and liabilities. 2014-05-29T21:30:10-04:00 P/Fur/8AV00n/gLn/qlirv8AFur/APV00n/gLn/qlirv8W6v/wBXTSf+Auf+qWKu/wAW6v8A9XTS dirsVdirsVdirsVdirsVSXyZ/wAofoP/AGzbP/kxHiqdYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq The higher levels of capital, combined with a global liquidity framework, will significantly reduce the probability and severity of banking crises in the future." 4Onb5FMy7L8YNuZtBEFV2RpWdEGXks2PgEjeDrp3VjFkOzFkj1ekaG1tbW0Q1oAHyU7CvrMJKZAw SPLRAqDbbwkuXSUwe2QiEF5Xq9jMXNLHtJDvcAE8bMct2k7Lvf7cavaPhJR0Ra9PTc3JfuvkN80r Liquidity risk monitoring and regulation gained new-found importance in the aftermath of 2008 – a crisis caused by financial institutions’ excessive risk-taking and the bursting of the United States housing bubble fueled by an era of low interest rates. xmp.iid:8A606F9C182068118A6D9C3D03352480 Dg/6p4q7/Bnk/wD6sOm/9IcH/VPFXf4M8n/9WHTf+kOD/qnirv8ABnk//qw6b/0hwf8AVPFXf4M8 The Committee is conducting further work on systemic banks and contingent capital in close coordination with the FSB. on a bank’s liquidity. xmp.iid:3DF78C9C09206811AB08C0F647A65B26 We find that the new measures have little predicting power of bank failures when compared with traditional liquidity risk measures. GsbQniICzjMn0z6m5bc/oFIcZLAan/JAqDxn1lw7+lZ9tD2bmu1qf4tKFBkErez+oOV9o+r7aifd 2014-04-08T14:50:17-04:00 Liquidity risk. s/p//can/ttv9ySlfs/p/wD3Gp/7bb/ckpX7P6f/ANxqf+22/wBySlfs/p//AHGp/wC22/3JKV+z 2014-06-17T10:21:17.000-04:00 pSSlJKUkpSSlJKUkpr9P/wCT8b/ia/8AqQkpsJKUkpSSlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpSS xmp.iid:FB7F1174072068118A6D9C3D03352480 "Basel Committee on Banking Supervision, Basel III: The Liquidity Coverage Ratio and liquidity risk monitoring tools," Page 13-16. 2014-04-14T16:23:06-04:00 f+Auf+qWKu/xbq//AFdNJ/4C5/6pYq7/ABbq/wD1dNJ/4C5/6pYq7/Fur/8AV00n/gLn/qlirv8A 2014-04-21T20:35:04-04:00 2014-06-12T16:46:35-04:00 oYBHeU/HCls5W2m34bXBwbqNZIJHzHipGNRfgsaLH7SHHQAHcPikpzsm4WWO9P21z7QihCih4+36 a8pJeivBDvFUsgotmOocjqXsvps/lQfmn4TqjKPSxscFZprIXWeaKkbn+aSkZekhbeip77otu/Fp xmp.iid:6D168317592068118C1496B17F45A35A endobj after the phase-in arrangements are complete), the LCR requirement shall be 100% for banks. 6Q1dKBsIMVuPVQ98NqJ/N7whWi47uacminJ9MsBL9a3AalMpc0Omdeqx/rpvL/0JaMY+Hb+KtwFA AQBIAAAAAQAB/+4AE0Fkb2JlAGSAAAAAAQUAAgAD/9sAhAAMCAgICAgMCAgMEAsLCxAUDg0NDhQY /can/ttv9ySlfs/p/wD3Gp/7bb/ckpXT/wDk/G/4mv8A6kJKbCSlJKUkpSSlJKUkpSSlJKUkpSSl 2014-04-16T19:56:19-04:00 AMMDAREAAhEBAxEB/8QBogAAAAcBAQEBAQAAAAAAAAAABAUDAgYBAAcICQoLAQACAgMBAQEBAQAA 7FXYq7FUl8mf8ofoP/bNs/8AkxHiq/W9J1HU2hax1OTTRGGDiNS3OtKVpInSmKpZ/hXzB/1Mlx/y 2014-04-23T12:17:47-04:00 JUlKSUpJSklKSUpJSklKSUpJTX6f/wAn43/E1/8AUhJSZ7G2MdW8S14LXDxB0SU4/wDzO+rn/cT/ mwkpSSlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpSSlJKczqXXKun5VWDXS/Jyrm+oK64aGs 116 0 obj llhh9urR5IHVeDTT+3MxXFz27g4+5wOo+SMYXojJk4RZQ2ZDMi8vYDtI0nlW8cDCNObnyDJOwza2 7XMqEAe5BTnHc4lx7pJXaNe6Sk7QUUMxLeECoPn/ANaMZuH1q41aNyIuA8HHRyu8ubi1OYFSdxmU xmp.iid:6E96F929F4236811808389CB21ADC44D The standards will be phased in gradually so that the banking sector can move to the higher capital and liquidity standards while supporting lending to the economy. nnLcLRq1mXZP3nwqGr6Um9WaPiBx5cqr0pg8aNp/K5Kvb5j3tSavYxo7cnfgvMhEcnpyp9mnKnbE qLjI2Oj4OUlZaXmJmam5ydnp+So6SlpqeoqaqrrK2ur6/9oADAMBAAIRAxEAPwCbeU/KflW58q6L Including the effect of all changes to the definition of capital and risk-weighted assets, as well as assuming full implementation as of 31 December 2009, the average common equity Tier 1 capital ratio (CET1) of Group 1 banks was 5.7%, as compared with the new minimum requirement of 4.5%. XbmOaZ8dElLnDu0loJPgUlMh0+8H2OA8dUkpm4Lz/OWAjwASU53XOn4FXT7HX7nNsIr2zA9yEpmI f/3Gp/7bb/ckpX7P6f8A9xqf+22/3JKV+z+n/wDcan/ttv8AckpX7P6f/wBxqf8Attv9ySlfs/p/ Both the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR) will be subject to an observation period and will include a review clause to address any unintended consequences. endobj xmp.did:DCF522831F27681180839570CB69D788 BIS statistics on the international financial system shed light on issues related to global financial stability. Accessed August … h03/AKQ4P+qeKu/wZ5P/AOrDpv8A0hwf9U8Vd5M/5Q/Qf+2bZ/8AJiPFU6xV2KuxV2KuxV2KuxV2 FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FX/9k=. FbFCI8FS0eEzFmLwJHKC8SVDNFOSorJjc8I1RCeTo7M2F1RkdMPS4ggmgwkKGBmElEVGpLRW01Uo Instead, the estimates presented assume full implementation of the final Basel III package, based on data as of year-end 2009. xmp.iid:00801174072068118A6D89B0094B1723 The European Commission (EC) has opted for a less prescriptive definition of liquid assets in its version of the Basel III liquidity coverage ratio (LCR), according to the latest draft of the capital requirements directive (CRD IV) – legislation that will determine how European banks implement the new Basel capital and liquidity standards. MjsyMjIyOzs7Ozs7Ozs7Ozs7Ozs7OztAQEBAQDtAQEBAQEBAQEBAQEBAQEBAQEBAQED/wAARCAD/ xGirHhrCex1A+KMtCqMSSrf6uGCfpVOj5FDcLuqbpeRjYmZjZVpJdXa1xjsAU700uFU+1b2uAtH0 PW+qZX9MzW4dRGtNR9x+5MMidl4iBu4zuodPoJ9Cl2Q8/wCEuP8ABN4Cd13HWwQZPUs64bTZsaR9 xmp.iid:9EFA73D2482068118C1496B17F45A35A Including the effect of all changes to the definition of capital and risk-weighted assets, as well as assuming full implementation as of 31 December 2009, the average common equity Tier 1 capital ratio (CET1) of Group 1 banks was 5.7%, as compared with the new minimum requirement of 4.5%. The Committee has put in place processes to ensure the rigorous and consistent global implementation of the Basel III Framework. CH-4002 Basel, Switzerland . 95 0 obj eKpw3IKSoq1DQHxxVjf17z1/1bLT/kb/ANfMVd9e89f9Wy0/5G/9fMVd9e89f9Wy0/5G/wDXzFXf /metadata Based on the results of a parallel run period, any adjustments would be carried out in the first half of 2017 with a view to migrating to a Pillar 1 treatment on 1 January 2018 based on appropriate review and calibration. 1irsVdirsVdirsVdirsVdirsVdirsVdirsVdirsVdirsVdirsVdirsVdirsVSXyZ/wAofoP/AGzb +n/9xqf+22/3JKV+z+n/APcan/ttv9ySlfs/p/8A3Gp/7bb/AHJKV+z+n/8Acan/ALbb/ckpX7P6 xmp.iid:BBDF89193D206811AB08C0F647A65B26 Uy1SU8T9csMCzEzWCBfWGOOkbmjv8lMNQxA8MnEw+mZ2d+ix6X2EHkD2/fwm0ySkHfwfqJl2Q/Mt u1s3FdfV6tQENdJjupcMCNWDmc/FogpJEHiFYaZ3b9cuEhRyXRbFeHlZDm+hU5wcdodHtn4oWvol mFKlW2sT649EzSRj2PdAn6BCXCVGQCSz60dJrMOc+fJpKPAVvuBifrZ0Zrdz3vaPNqPtlXuRa7/r 1773OIcdvjYdPaNOElNl+Z9VbfT35OOfSaxrP0vArnaPpdtySmNl/wBU7bbLbcup5uJc9jsh5rLi Fur/APV00n/gLn/qlirv8W6v/wBXTSf+Auf+qWKp/oN15gvjHeXU9jPp8itxa2EocspK/wC7FXao taPpghJTgfXNjbeiueyHem9rvMBS4jUlmQXF5Po2Q7HyBc3ljmmB4KzmFhr4tC+lY+RjegzcZ3e/ The Committee today released the Results of the comprehensive quantitative impact study. • Intraday Liquidity Risk: the risk that a bank fails to manage its intraday liquidity effectively, which could leave it unable to meet a payment obligation at the time expected, thereby affecting its own liquidity position and that of other parties. VJfJn/KH6D/2zbP/AJMR4qnWKuxV2KuxV2KuxV2KuxV2KuxV2KuxV2KuxV2KuxV2KuxV2KuxV2Ku /wDV4t/+RSf9UMVR2k2fmmC7D6vqEV1bBWrGiKpJNOO4iTp88VTzFXYq7FXYq7FXYq7FXYq7FXYq Group 2 banks with CET1 ratios less than 7% would have required an additional €25 billion; the sum of these banks' profits after tax and prior to distributions in 2009 was €20 billion. Market liquidity risk refers to the risk that an asset can not be sold on a market without incurring a loss. ruO6zgN5s/BXuEuRxBE/6x9LYYNjp8mlHhKuMK/5xdNAkueB5tKXCVcYat/1z6JjvdXY6yWcwwkI WWmnS0VWOYGP294KSnZSUpJTX6f/AMn43/E1/wDUhJTYSUpJSklKSUpJSklKSUpJSklKSUpJSklK gjWSWRWf424KFQqDuFc1+MdshKRBoNmPGDEkmgsbUbaIlJyUdFq9FdlBC+oV5heJPHenXE5YjmyG INWjtVtaNzMNeVafDT4j3xVPsVdirsVdirsVdirsVdirsVdirsVdirsVSXyZ/wAofoP/AGzbP/kx gjWSWRWf424KFQqDuFc1+MdshKRBoNmPGDEkmgsbUbaIlJyUdFq9FdlBC+oV5heJPHenXE5YjmyG rv8ACvmD/qZLj/kWf+q+KozS9B1axvEuLvWZr6JQwaF0IDVFB1lbp16Yqn2KuxV2KuxV2KuxV2Ku 2014-04-16T16:57:51-04:00 <>31 32 33]/P 281 0 R/Pg 1 0 R/S/Link>> endobj 2014-04-14T16:40:17-04:00 xmp.iid:FB7F1174072068118A6D89B0094B1723 HiqdYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FXYq7FUl8mf8ofoP/bN 113 0 obj tfAJgkFxBc2votGGyvIzbBdvhzWVnT5lMkTsF0QH1uoh+LTt0aa2n5QEkqI7kAAcSkhZg3nRuiSV created <>505]/P 285 0 R/Pg 32 0 R/S/Link>> P2mnFtc70zucHOg+MSkp7lJSklNfp/8Ayfjf8TX/ANSElNhJSklKSUpJSklKSUpJSklKSUpJSklK OWjPwbeHnsmMVv5tvD6R03BZtx6GA93EAuPxJUkMcYDRhy555T6i2Ps9A1FbP80J7EzgeCSlQPBJ Liquidity is the risk to a bank's earnings and capital arising from its inability to timely meet obligations when they come due without incurring unacceptable losses. 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The third section concludes with an overview of the issues discussed and outlines the importance of ensuring a consistent implementation of the prudential requirements across jurisdictions. xmp.iid:978F6EA617246811808389CB21ADC44D <>/K 473/P 117 0 R/Pg 24 0 R/S/Figure>> ZeLys4TD03Xj80aUpIW0lcTU5PSltcXV5fVWZnaGlqa2xtbm9ic3R1dnd4eXp7fH1+f3/9oADAMB 104 0 obj endobj 6Q1dKBsIMVuPVQ98NqJ/N7whWi47uacminJ9MsBL9a3AalMpc0Omdeqx/rpvL/0JaMY+Hb+KtwFA S5n978AlHQ+l/wCh/wCm/wD8kl90xdl3+keY/e/AK/YfS/8AQf8ATf8A+SS+6YeyP9I8x+9+AWPT DV7rO6XjZfu/m3jQObxHmFCYAtiEzFwsmq3CvNV/0LNGvHBhMIIZ4yEhohBDHFw4AJTbS0MnIY2p xV2KuxVJfJn/ACh+g/8AbNs/+TEeKp1irsVdirsVdirsVdirsVdirsVdirsVdirsVdirsVdirsVd endobj 6OKT1WJ0/Ht6bvsG7fV7h8tVEMYDIZkvnOYbDY+ke1jJDB4BAaFc+qdCv+09EwruS6loPxGikY26 [null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null 294 0 R 161 0 R 161 0 R 161 0 R 161 0 R 252 0 R 161 0 R 253 0 R 161 0 R 161 0 R 161 0 R 161 0 R 254 0 R 161 0 R 161 0 R 161 0 R 162 0 R 162 0 R 162 0 R 162 0 R 162 0 R 162 0 R 162 0 R 162 0 R 250 0 R 162 0 R 251 0 R 162 0 R 162 0 R 163 0 R 163 0 R 249 0 R 163 0 R 164 0 R 165 0 R 166 0 R 166 0 R 166 0 R 166 0 R 167 0 R 167 0 R 167 0 R 244 0 R 167 0 R 167 0 R 245 0 R 167 0 R 167 0 R 167 0 R 246 0 R 167 0 R 167 0 R 167 0 R 247 0 R 167 0 R 248 0 R 167 0 R 169 0 R 169 0 R 169 0 R 169 0 R 169 0 R 169 0 R 169 0 R 241 0 R 169 0 R 169 0 R 169 0 R 169 0 R 169 0 R 169 0 R 169 0 R 169 0 R 242 0 R 169 0 R 243 0 R 169 0 R 170 0 R 239 0 R 170 0 R 240 0 R 170 0 R 170 0 R 170 0 R 170 0 R 171 0 R 171 0 R 171 0 R 171 0 R 171 0 R 171 0 R 172 0 R 237 0 R 172 0 R 238 0 R 172 0 R 172 0 R 172 0 R 172 0 R 173 0 R 173 0 R 173 0 R 173 0 R 174 0 R 174 0 R 174 0 R 174 0 R 174 0 R 174 0 R 174 0 R] xmp.iid:FA7F117407206811808389CB21ADC44D JKUkpSSlJKUkpSSlJKUkpSSlJKUkpSSlJKUkpr9P/wCT8b/ia/8AqQkpsJKUkpSSlJKUkpSSlJKU Banks that are below the 100% required minimum thresholds can meet these standards by, for example, lengthening the term of their funding or restructuring business models which are most vulnerable to liquidity risk in periods of stress. xmp.iid:6066F27B4E2068118C1496B17F45A35A AKsOm/8ASHB/1TxV3+DPJ/8A1YdN/wCkOD/qnirv8GeT/wDqw6b/ANIcH/VPFXf4M8n/APVh03/p Improve your vocabulary with English Vocabulary in Use from Cambridge. qqUafPulXXPdf6ri4GIkokpAei6Xl49eKyq63X7ZU8VQZ2DRxHbumSXh6yzKxRmtvbaGENh8Ndsc 96 0 obj 9uoB8U1eySUxKSWl1OvdivIEkAkJwWyeHtzuq5Dyyhuxo0lOWUm6b0zNzc+irIsJDnguHkNSkToo Implementation of the comprehensive quantitative impact study minimum amount of common equity capital levels through of! 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