Today the Basel Committee on Banking Supervision published reports assessing the implementation of the Liquidity Coverage Ratio (LCR) in China, the European Union and the United States.
Overall, the LCR regulations in China and the United States are assessed as “compliant” with the Basel framework. This is the highest of the four possible grades.
The EU LCR regulations are found to be “largely compliant”, reflecting the fact that most but not all provisions of the Basel standards are satisfied. A “largely compliant” assessment grade is one notch below the highest possible grade.
Read the full release here